The mutual fund must invest over 50% of its capital into tax exempt investments for the dividends to be classified as nontaxable.
Investment dictionary. Academic. 2012.
Nontaxable Distribution — A type of dividend that is paid to shareholders of a corporation not as a result of earnings, but as a return of capital. Nontaxable distributions can also include stock received from a spinoff. Dividends paid to cash value life insurance… … Investment dictionary
Gross Dividends — Similar in concept to gross income, gross dividends are the sum total of all dividends received. Gross dividends include all ordinary dividends that are paid, plus capital gains distributions and nontaxable distributions received by the taxpayer… … Investment dictionary
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Tax protester constitutional arguments — UStaxationTax protester constitutional arguments are assertions that the imposition of the federal income tax violates the United States Constitution. These kinds of tax protester arguments are distinguished from related statutory arguments and… … Wikipedia
