as far as I know, every penny of interest generated from a bank account is subject to federal income tax. don't know where you get the $700 exemption rule from.
interest rates overall are based on your taxable income, not sources of your income. so saying "low rate after" is very misleading.
can you point to the source of that assertion?
所有跟帖:
• The INT is under your child SSN. not yours. -jin_yin_hua- ♀ (34 bytes) () 02/02/2009 postreply 17:22:37