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Old 12-01-2005, 05:55 PM
Kurn, son of Mogh Kurn, son of Mogh is offline
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Join Date: Sep 2002
Location: Cranston, RI
Posts: 4,011
Default Re: For all of you I PAY MILLIONS IN TAXES read this

some BS thing where he has investments in Tax-free Bonds or something

Tax-exempt bonds are not some gimmick.

1) they pay a lower interest rates than taxable bonds (about 50% less)
2) they are from either government entities or from not-for-profit corporatrions
3) they are often not as stable as investments in for profit corporations
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