So let's say you came into a million bucks over the course of a few months, where would you keep the money? Local bank, offshore accounts, CD accounts, etc...? I notice in most local banks that they only insure you up to 100k, so if that's the case where do you place your funds if you want them protected?
Also I've heard that for people with a certain amount of money that you have to constantly move it around to prevent the goverment from taxing you to death. Is this true? Can you be taxed on income more than once?
Also I've heard that for people with a certain amount of money that you have to constantly move it around to prevent the goverment from taxing you to death. Is this true? Can you be taxed on income more than once?