When Mr Dodge went to his reward, his estate [[after death taxes and obscene legal fees) went to his wife and amounted to $100 million. Her financial gurus put the whole amount in state and local bonds paying 3.5% interest. Since at the time, the top rate was 91% on all income over $252,000, she got 3,500,000 a year tax free. In those days, you didn't have to even report tax free income and with $3.5 mill coming in, she didn't even have to file an income tax return [[no taxable income). If she had worked for a living, she would have to make $39 mill a year to get that much take home pay. In essence, her investments gave her a 39% return on the money invested when taxes were taken into consideration.
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