While I pay tens of thousands of dollars in income tax each year, I don't think it is «fair» that half the country pays none. (religion.blogs.cnn.com)
Even though you do not receive your interest payments in cash while you hold the bonds, you must pay income taxes each year on the interest as if you had. (investinginbonds.com)
The good news for a whole life policyholder is he does not have to pay income taxes each year on the growth in his plan's cash value. (investopedia.com)