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Right now, municipal bonds could be the answer for many folks trying to make their money work harder for them. How Muni Bonds Work Municipal bonds look a lot like other kinds of bonds.
Tax-free municipal bonds are not just a source of investment but also a significant contributor to public projects such as roads, schools and hospitals. These debt instruments are issued by local ...
You’ll see that the municipal bond has a tax-equivalent yield of almost 4.8 percent based on just the federal tax savings, and the tax-equivalent yield rises to 5.4 percent when you account for ...
Richard Adolf Bloch (February 15, 1926 – July 21, 2004) [1] [2] was an American entrepreneur, and philanthropist best known for starting the H&R Block tax preparation and personal finance company with his older brother Henry in 1955.
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
In 1966, new legislation led to the more than 150 five-year-long, Model Cities experiments to develop new anti-poverty programs and alternative forms of municipal government. Model Cities represented a new approach that emphasized social program as well as physical renewal, and sought to coordinate the actions of numerous government agencies in ...
There are several ways to invest in municipal bonds, but the most common include purchasing individual municipal bonds, buying muni mutual funds or exchange-traded funds (ETFs) and creating ...
Build America Bonds are taxable municipal bonds that carry special tax credits and federal subsidies for either the bond issuer or the bondholder. Build America Bonds were created under Section 1531 of Title I of Division B of the American Recovery and Reinvestment Act that U.S. President Barack Obama signed into law on February 17, 2009.