61. It is not that people are oblivious to the effects of taxes on their investment income. 62. It raises all its operating expenses from investment income and fees for its services. 63. It would also eliminate taxes on investment income for individual taxpayers. 64. Japan has consistently run deficits in services, travel and investment income, which has countered the large surpluses in trade. 65. Last year, the deficits in goods and services, and on investment income increased. 66. Larger surpluses in investment income and trade in services also boosted the current account, which measures trade in goods and services and some financial transactions. 67. Like Forbes, Kemp would tax earned income but not investment income. 68. More of its profit came from investment income, he said. 69. Moreover, people could lower their overall tax bill by channelling investment income through the lower-earning spouse. 70. More and more people are jumping into college savings plans that allow them to defer taxes on their investment income until the kids are in college. |
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