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Tuesday, May 10, 2011

Millionaires who owe no federal income tax



 May 9, 2011: 5:25 AM ET

Millionaires who owe no federal income tax

http://money.cnn.com/2011/05/09/pf/taxes/millionaires_income_tax/index.htm

1 comment:

Gene Prescott said...

Apparently some, a very few of the total, high income taxpayers achieve the no tax result by having 100% of capital in tax exempts, such as municipal bonds. Since tax exempts normally have lower interest rate than other instruments, it would be more prudent to have higher earning investments at least to the point of using up exemptions and rates that result in more after tax earnings.