Is that the state does not tax the trusts?
Reader comment on: Crosby Advisors
Submitted by Lyle (United States), Feb 12, 2014 18:36
Because the trust will have to file a 1041 with the IRS and will have to pay taxes on any undistributed income. (And if you look at a form 1041 you find the brackets are far far narrower).
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