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Aside in the obvious, rich people can't simply demand tax help with your debt based on incapacity to repay. IRS won't believe them at any. They can't also declare bankruptcy without merit, to lie about might mean jail for your kids. By doing this, it could led for investigation and eventually a cibai case.
Muni bonds should be owned transfer pricing within your taxable brokerage accounts, and do not in your IRA or 401K accounts because income in those accounts is tax-deferred.
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Conversely, earned income abroad, and residual income from foreign securities, rental, or whatever else abroad, could be excluded from U.S. taxable income, or foreign taxes paid thereon, should be employed as credits against You.S. taxes due.
In addition, the exclusion is only some of the good thing that frequent. The income level the place where each income tax bracket applies seemed to be increased for inflation.
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