What Are Tax Annuities?

1. 

   61667 POINTS

   view profile
   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   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.

   Answered on September 5, 2013

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.