From: utzoo!decvax!harpo!eagle!karn Newsgroups: net.taxes Title: Avoiding Interest Withholding Article-I.D.: eagle.768 Posted: Tue Feb 8 02:26:28 1983 Received: Thu Feb 10 06:31:18 1983 I heard one suggestion this evening as to how you can avoid having your interest earnings withheld. I don't remember the provisions of the law, but I believe that the institution isn't required to withhold until cumulative interest reaches $150 (?) or more. The solution therefore is to simply spread your savings around to enough accounts and/or institutions to make sure your yearly interest in each doesn't exceed $150. I will probably be doing this with my money market account anyway, since I have felt I have too much in one place - most have relatively modest minimum balance requirements once you open them. Let's all hear it for government-inspired efficiency. (Or are they trying to boost business for the Post Office?) Phil