问题如下：
Jose DiCenzo has some securities worth €50,000 that have a cost basis of €75,000. If he sells the securities in the current tax year and replaces them with securities having the same returns. He will then sell the new securities in the next tax year. Assuming capital gains are taxed at 30 percent, what is the total tax savings assuming DiCenzo does not reinvest the tax savings?
选项：
A.€0.
B.€7,500.
C.€15,000.
解释：
A is correct.
Assuming DiCenzo does not reinvest the tax savings, tax loss harvesting does not reduce the total tax paid over time. It only defers taxes because recognizing the loss resets the cost basis to a lower figure which will ultimately increase the gain realized late by the same amount. Tax loss harvest can augment return by postponing tax liabilities. Reinvesting the current year’s tax savings increases the after-tax principal investment, which can augment the value of tax loss harvesting further.
老师，请问这道题的tax saving和tax loss havesting是不一样的概念吗？我的理解，现在的证券已经有2.5万的亏损，如果卖掉，亏损额抵扣盈利部分，可以少交税7500元。然后题目中说是repalace with same returns ,我的理解是他买了一个可能有同样亏损额的证券，第二年再卖掉，会抵税7500元，所以总共可以省税15000元，不是这样理解的吗？
