Pray for W and Our Brave Troops
I agree. If I had the wealth of Teresa, I'd probably invest in a few tax-free bonds myself. Who wants to pay more taxes than are absolutely necessary? (Truth be told, my decidedly middle-class spouse and I have invested in a tax-free bond fund through our stock broker). The point is "what does she do with her money"? If I had her $500-600 million, I'd probably give away at least 99 percent of it immediately, without buying a single Gulfstream or multi-zillion dollar mansion. But that's just me.