I chatted on the phone last week with Tad Rivelle, the chief investment officer for fixed-income at TCW in Los Angeles.

上周，我在电话上与洛杉矶 TCW 的固定收益投资首席投资官 Tad Rivelle 聊天。

youdao

Taxpayer: yes, I am a general director of s foreign investment company. I want to know how to pay tax on my income?

纳税人：我是ABC公司的董事长，想咨询一下我的所得如何纳税。

youdao

The mark-to-market loss is only just above the premium paid (without counting the investment income on the cash) at a time of historic stress and no actual cash loss can occur for another 11 years.

在历史性的严峻时期，上述账面浮亏仅略多于保费(此处不计现金的投资收益)，而且，在接下来11年内不会发生实际现金损失。

youdao

Cain wants to simplify and flatten the tax code, replacing taxes on income and investment with taxes on consumption?

FORBES: Book Review: This Is Herman Cain!

Because life-insurance proceeds at death aren't subject to this tax, a taxpayer could buy a policy, borrow from it and settle up at death, avoiding income tax on investment gains within the policy.

WSJ: How the New Wealth Taxes Will Hit You

What Equitable did, in essence, was to offer guaranteed returns it could not fulfil and to pay bonuses to policyholders that depended not on investment income but on recruiting new investors.

ECONOMIST: Financial regulation