<p>Currently, kids under 18 have to pay a certain amount of tax at their parents’ rate if their investment income is at a certain level. That age rises in 2008, depending on whether the kid is “dependent”. It can be as high as 23 (in the case where a kid is a full time student supported by parents).</p>
<p>99 cents, you seem to feel I am “arguing” with you. I am not claiming to know anything about your finances; I am just trying to be helpful by giving facts (and I truly believe no one should trust anonymous CC posters but seek live financial advice-CC is just a good starting point, like wikipedia). I am sorry if anything I posted appears to be a personal attack, that was not intended.</p>