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Revision as of 08:20, 12 November 2024
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If transfer pricing you buy a national muni bond fund your interest income will be free of federal property taxes (but not state income taxes). In case you buy circumstances muni bond fund that owns bonds from your personal home state this interest income will be "double-tax free" for both federal and state income tax burden.
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In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% income tax bracket and accelerating some of the changes passed in the 2001 EGTRRA.