What Are Tax Annuities?

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September 5, 2013

Steve Savant

Non-qualified tax deferred annuities accumulate tax deferred and when distributions are generated the gain in the contract is taxable as ordinary income tax at the effective tax bracket rate of the annuity owner. If the annuity is owned by an artificial entity and not a person the deferral aspect is forfeit and the gain is taxed annually.

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