February 9, 2009

Foreign exchange currency trading – From his annuity, however, he keeps $1100 tax free (3% of his investment of $30,000 in the annuity is considered his annual income and thus taxable”$900).

He pays tax on this $900. Out of the $900 he keeps after his 50% tax $450. He thus is in pocket $1100 plus $450-$1500 in all, as against $600 when he had his $30,000 invested at 4%. The fact must not be lost sight of, however, that he always has the $30,000 he has invested at 4%, and that when he has purchased an annuity the capital is gone. Neither it nor any part of it can be passed on to heirs. Now let's take the estate tax into consideration.

Foreign exchange currency trading – From his annuity, however, he keeps $1100 tax free (3% of his investment of $30,000 in the annuity is considered his annual income and thus taxable”$900).

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