Questions tagged [tax]

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Carry back and forward losses: can I utilize an year I utilized already?

I am doing this study where I need to calculate the benefits of carrying back and forward net operating losses (NOLs) besides other. Following the literature, I use a simplified framework in which a ...
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1answer
35 views

How is the present value of tax shield of constant and perpetual debt derived?

According to this site, the present value of tax shield of constant and perpetual debt is: corporate tax rate × interest payment ÷ expectd return on debt I understand the part about "corporate ...
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How do I calculate the real taxes paid from 10-K forms

I guess we are familiar with the discussion, whether companies especially tech companies are paying their due in taxes. There was the huge discussion of Amazon paying nearly no taxes, using loopholes ...
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25 views

Formula for bond after-tax total return?

I'm interested in calculating the after tax total return on a fixed coupon bond. In Fabozzi's "Fixed Income Mathematics", 4th ed, p. 149, a formula for "after-tax coupon income interest on interest" ...
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25 views

Tax loss harvesting: Market ETF vs. Sector ETFs that add to the same

Seems like wash rule doesn't apply for a similar - but not identical - security. Like maybe Vanguard Total Stock ETF vs SPDR Total Stock ETF. Suppose I buy 5 to 10 sector ETFs. Maybe I make it so they ...
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1answer
53 views

How is the pre-tax and post-tax return calculated?

I am looking at the lectures about advanced investments and in the first lecture of the series, the professor mentions, To increase the return without bearing more risk one has to invest with pre-tax ...
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2answers
244 views

Why is there inconsistency in WACC vs unlevered return?

To evaluate an enterprise we can discount free cash flow by either the unlevered required rate of return or the WACC. With Tax we have: $WACC=R_e \frac{E}{E+D}+R_f\frac{D}{E+D}(1-t)$ where $R_e$ is ...
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23 views

Simulating Taxed Equity Return Series (U.S.)

I'm looking to learn how to correctly simulate taxes on dividends and capital gains on simulated return series for U.S. Equities with dividend reinvestment. I understand I will have to keep track of ...