Image 12

running the fund. The best ones of these have about a 25% annual growth rate, but these are the most risky. Given that risk free investment yields about 13%, I should be willing to go half way risk wise and try a fund offering 19%. Now if this provides capital gains tax advantage, I would gain 19-(.63)(.4)(19) or 14.2%, after tax.
[Noted to left in green ink] BUT STOCKS ARE SO HOT RIGHT NOW. [/note]

3) Bonds tax-free. People in high tax brackets can take advantage of these. As I understand it, municipalities, and other politically favored groups can offer these to raise cash, thus decreasing the cost to gov't. However federal gov't doesn't do such a practice itself. But this is because it is the taxing body. It may as well pay high rate to everyone, and