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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.
If you buy a bond issued in your own state, you’re typically granted a tax exemption from state taxes, as well. This makes municipal bonds particularly valuable in high-tax states like California.
Remember, too, that living in a state that doesn't tax any retirement income won't mean no taxes. There's still the federal government, which does tax some Social Security benefits .
Michigan. Michigan’s flat state income tax rate rose for 2024 to 4.25%, ... Municipal bond interest. After-tax pension contributions. Roth IRA and Roth 401(k) withdrawals after age 59 1/2.
This is a list of U.S. states by credit rating, showing credit ratings for sovereign bonds as reported by the three major credit rating agencies: Standard & Poor's, Fitch and Moody's. The list is given as of May 2021.
Muni arb is a relative value strategy that seizes upon an inefficiency that is related to government tax policy; interest on municipal bonds is exempt from federal income tax. [1] [2] Because the source of this arbitrage is artificially imposed by government regulation, it has persisted (i.e., it has not been "arbed away") for decades. [3]
Rating Action: Moody's assigns Aa2 to Michigan Strategic Fund's refunding of Cadillac Place Office Building Project bonds; outlook stableGlobal Credit Research - 16 Feb 2022New York, February 16 ...
The rest of the century balanced new taxes with abolitions: Delaware levied a tax on several classes of income in 1869, then abolished it in 1871; Tennessee instituted a tax on dividends and bond interest in 1883, but Kinsman reports [59] that by 1903 it had produced zero actual revenue; Alabama abolished its income tax in 1884; South Carolina ...