CHAPTER 12
Municipal Bonds— The Tax-Free Choice 쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆
“You work hard all your life to reach a high tax bracket, and then the government goes and lowers it on you.”
Do I Need to Read This Chapter? • Do I want, or need, tax-exempt income? • Am I prepared to invest a fair amount of money, usually a minimum of $5,000? • Do I understand the problems of investing in municipal bonds while collecting social security benefits? • How can I eliminate the risk of buying municipal bonds? • Do I know how to find the best bond values? ith proposals of new tax reform and the changing of some of the tax code in 2010, the desire for untaxed income has become stronger than ever. Since tax-exempt bonds yield about 85 percent of comparable taxable instruments, the investor in a high tax bracket has a chance to lock in excellent returns.
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