Last year in this space I asked the question: should the income earned on savings be exempt from income tax regardless of the purpose of the savings? Under the federal tax code, there are three common types of savings accounts in which the earnings are given at least some exemption from income tax: retirement accounts […]
TAX LAW SPECIAL REPORT: August, 2016 A Limited Proposal For Savings Accounts That Would Grow Tax-Free Regardless Of The Purpose
