How to invest to get the best return in every tax bracket
It’s obvious that many, many people hate paying tax. Kerry Packer tried to pay as little as possible; Donald Trump claimed such heavy losses as a real estate mogul that his bill came to zero.
The reason wealthy people in particular might resent taxes becomes a bit clearer when you realise that someone on the top tax rate needs their investments to earn almost twice as much as someone who pays no tax to get the same amount of money in their hand.
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