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Latest revision as of 02:17, 1 September 2026
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Muni bonds should be owned transfer pricing within your taxable brokerage accounts, and never in your IRA or 401K accounts because income in those accounts is definitely tax-deferred.
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The federal income tax statutes echos the language of the 16th amendment in on the grounds that it reaches "all income from whatever source derived," (26 USC s. 61) including criminal enterprises; criminals who neglect to report their income accurately have been successfully prosecuted for cibai. Since the word what of the amendment is clearly directed at restrict the jurisdiction with the courts, its not immediately clear why the courts emphasize the language "all income" and disregard the derivation from the entire phrase to interpret this section - except to reach a desired political article.
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