tax man?, page-5

Thanks miles.

Just looking to keep the cash in the investments as long as possible.I talked to a tax office rep the other day and they seemed to imply the interest was 12% compounded daily.If this was the case you probably wouldnt want to owe for much more than a few months as compounding tends to reach a threshold at the 3 to 4 month mark where the debt begins to become fairly significant in relation to the principal amount.Thats all assuming its compounded daily.

d.