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What are the advantages of earning interest if you have to pay tax on it?

In: Taxes and Tax Preparation, Income Taxes [Edit categories]

Answer:

Money that you don't have to work for.

First answer by TaxManEA. Last edit by TaxManEA. Contributor trust: 126 [recommend contributor ]. Question popularity: 2 [recommend question].

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Earnings before interest & Tax (EBIT) is a common financial term used in business analysis and comparison. There are also many, many variations that are used, dependingon industry or company...
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The interest that you receive on treasury bills and bonds is tax exempt income for state and local taxes.In some states interest earned on specified state and municipal obligations is exempt from...