[lateforwork]

Yes, the tax can be thought of an extra expense ratio. Same impact on you, at the end of the day.

[krageon]

It can be thought of the same way, but not from the perspective that's under discussion. As such it doesn't really add anything except a new perspective. Why are you introducing it, what does it add?

[lateforwork]

You don't have to worry about tax implications when timing stock sale.

[Volundr]

Calling the expense ratio a tax is like calling the labor cost of your car repair a tax. The expense ratio is what the fund manager is charging to cover their labor and expenses. It's not a tax on the transaction going to the government.

[lateforwork]

No, I am saying the tax is like an additional expense ratio.

[Volundr]

Ah, that makes more sense. Sorry I was not getting there from the original comment.