How much of my gross income can i invest in schemes that allow me to avoid income tax?

this question is not country specific.would like to hear of options in all countriesIf i earn for example us$50,000 dollars p.a gross, is it possible for e to invest that whole amount in govt scheme or in a fund hence avoiding income tax?

thanks raya.does this mean i could invest my entire gross earnings in a non taxable mutual fund avoiding the 40% income tax rate i am hypothetically liable for?

non-taxable investments, for example non-taxable municipal bonds. Be careful of the AMT (alternative minimum tax), check out some non-taxable amt free mutual funds (google for some)

nontaxable mutual funds

Tags

　　Investment Account 　　Invest Money 　　Invest in Gold 　　Invest Fund 　　Income Fund 　　HYIP 　　High Yield 　　Hedge Fund

Related information

Because investment trust funds are intended to generate income on an ongoing basis to be used to support the p

You are taking a significant risk when you post homework questions here, as you have no idea whether anyone who answers is academically gifted or not (i.e. a person can be very successful in world ...

How do mutual fund investments affect my taxes?

I think you need to check with your tax preparer. Any advise offered here would not take into full account your overall tax record and therefore could not be 100% accurate. Good luck!

...

What is mothly income scheme?

It is better if you will not invest it in share market or anywhere else. You just deposit this money in post office or bank as Fixed Deposit and choose monthly income scheme. They will give you mon...

Any benefit to investing in mutual funds that distribute income and gains?

It depends on what your goal is. If you need the income that comes from those distributions, then its a great plan. A lot of retirees use this method to get a monthly income and leave their pri...

In order to get a mortgage need to increase my income?

well you said your credit is not that bad. Why not try a licensed mortgage broker they can offer you more choices. You could probally do a no doc loan. This is based on you credit and the value of ...

Gift of money from NRI relatives(Not blood relative but a far relative) is it exempted from Income tax?

It is taxable if you send a cheque other then NRE A/c cheque. To avoid Gift tax please issue your NRE A/c cheque. It is tax free and not taxable even if you give a gift to street dog (Used the wo...

Why not increase city & state income taxes & abolish property taxes?

You'd generally have my support on that. Income taxes are the fairest of all taxes as they are based upon the taxpayer's ability to pay. Property taxes are loosely coupled to abilit...

CD's? Mutual Funds? Savings Accounts? interest income help?

How to invest $2M that falls from the sky into your lap depends entirely on the specific objectives and constrains of the individual, no single set of advice is good for everyone. From your questio...