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Monica is in a high tax bracket. She has set aside in a savings account $100,000, which she eventually wants to use to pay the
Monica is in a high tax bracket. She has set aside in a savings account $100,000, which she eventually wants to use to pay the college expenses of her nephew Ben, who currently is three years old. The account earns $10,000 a year, of which $5,000 goes to the government in taxes. How could Monica lower the tax payments while retaining control of the $100,000?
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