The money goes to God, and God lives in the sky which is outside of the US and is
therefore nontaxable.
Not exact matches
Therefore it splits the income limits for this credit into two parts: one that looks at a retiree's total taxable income and another that looks at certain types of
nontaxable income.
Therefore, any taxable gain that comes out of the contract is reported before the
nontaxable return of principal.