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Latest revision as of 03:24, 12 November 2024

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One more week until Tax Daytime. Have you filed yours yet? I haven't (probably should get on that, actually), also using the I read in USA Today that roughly 47% of Americans won't even need to worry about paying federal income taxes, I start to wonder if I should even bother. Oh sure, there's the threat of prison time for tax evasion, but really, exactly what is the point if half the damn country isn't going to up and get off scot-free?

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If purchase a national muni bond fund your interest income will be free of federal taxes (but not state income taxes). If you're buy a state muni bond fund that owns bonds from household state this interest income will be "double-tax free" for both federal assuring income .

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