ποΈ Tax Equivalent Yield Calculator
Calculate the taxable yield needed to match a tax-exempt municipal bond yield.
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Municipal Bond Tax Advantage
Municipal bonds are generally exempt from federal taxes and often state taxes too. For investors in higher tax brackets, munis often beat equivalent taxable bonds. Formula: TEY = Muni Yield / (1 β Combined Tax Rate).
Tax Equivalent YieldMunicipal BondMuni BondTax-ExemptFixed Income