H.R. 2089 aims to change the Internal Revenue Code to allow individuals to delay paying taxes on capital gains from mutual funds, as long as those gains are reinvested in additional shares of the mutual fund. This deferral ends when the individual sells the shares, redeems...
Simple Explanation
H.R. 2089 is a plan to let people wait on paying taxes on money they earn from investments in certain funds if they use that money to buy more shares in the same fund. But when they sell the shares or pass away, they will need to pay the taxes then.