TS, looks like you are going to need to make a habit of posting this notification. I had actually forgotten about the other forum started up by GMAN. However, I find some of these topics a nice break from the norm, as long as they remain civilized.
Originally Posted By: Kestas
Are these tax-free money market accounts something we can access as well?
Yup. Many money market funds invest in city/state/municipal bonds that are tax free. The rates are generally lower so they may or may not be advantageous. You have to compare the after tax return of taxable funds and compare to the tax free ones.
One of the other advantages to offset the lower return was their AAA rating. They were super low risk back in the old days ( 2 years back or more ) when the ratings actually meant something...
What infuriates me is that he was NOT fined by the IRS. Only told to pay what was delinquent.
This is preposterous - he is a fraud and cheat - repeatedly! He is one who should be held to higher standards and is very well informed about the laws - there is no excuse.
Hey!!!! It was just a tiny little 3 year over-site!!! Oppsy... my bad. It's a new era, something like is just not worth mentioning. If this were the case in the past 8 years however, it would have been front page news.
A rare occurrence where Tempest and I are in agreement. Heard today that the IMF set aside a fund for him to pay these taxes. So it looks like he pocketed the money.
Originally Posted By: Tempest
It's always great to have a tax cheat at the head of the IRS. It would give some great leverage to get our own tax holiday!
This is exactly as I see it. It's like when insurance companies hire jewel thieves as consultants because they know all the tricks of the trade.