Lux Investing
how much of my gross income can i invest in schemes that allow me to avoid income tax?
this question is not country specific.would like to hear of options in all countriesIf i earn for example us$50,000 dollars p.a gross, is it possible for e to invest that whole amount in govt scheme or in a fund hence avoiding income tax? thanks raya.does this mean i could invest my entire gross earnings in a non taxable mutual fund avoiding the 40% income tax rate i am hypothetically liable for?
Public Comments
- nontaxable mutual funds
- non-taxable investments, for example non-taxable municipal bonds. Be careful of the AMT (alternative minimum tax), check out some non-taxable amt free mutual funds (google for some)
