A $500,000 Roth Portfolio Loaded With JEPI Pays $42,250 a Year and the IRS Gets None of It

At the 24% federal bracket, a $500,000 position in the JPMorgan Equity Premium Income ETF (NYSEARCA: JEPI) yielding 8.45% generates roughly $42,250 in annual distributions and hands $10,140 of that to the IRS every year it sits in a taxable brokerage account.