Quote:
Originally Posted by Papa_Complex
Every dollar not paid in income tax is a dollar earned.
|
But if the investment is just a CD only paying 2% APR, it isn't worth it.
What is the top tax braket, 38% or something? So a 2% CD here in America would net you about 1.2% instead of 2%. Not something worth crying about, unless you are talking about several million dollars in that CD. And parking that much in a CD is dumb, IMO. It should be in stocks, bonds, or real estate. Hell, you could easily average 2-5% a year in tax-free municipal bond funds here in the US.