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Income Taxes: Legally Avoid the Taxman With Municipal Bonds
Paying income taxes, for the most part, is a foregone conclusion. You can lower them, avoid them, and even delay paying them. But eventually you must write the government a check, in an amount determined by the I.R.S. Tax Code.
But a number of citizens aren’t happy with just paying less tax. They simply don’t want to pay any, and have stashed their fortunes in icy Swiss banks or in tropical Bermuda.
In the past, bank officials in those countries would keep the depositor’s name a secret, and banking laws in their countries allowed them to do so.
Those days and practices are…
1May2009 | Investment U | 0 comments | Continued
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