Benjamin Franklin said that nothing is certain in this world except for death and taxes.

You make money. They tax you.

You spend money. They tax you.

You save money. They tax you.

You die. They still tax you.

From sales tax to income tax to property tax to estate tax and every other tax, anywhere you turn, the tax collectors await.

One bit of good news is that the highest current U.S. federal income tax rate is rather low compared with the past. It was over 90% during President Kennedy’s time and 70% at the beginning of the Reagan era. Today, the top tax bracket is lower. But if you add state income tax, the total may be higher. Where does your money go? Let’s take a look at the following tax treatment on different types of investment accounts.

Where do you put your money?

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