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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.
The state of Michigan could remedy its discriminatory taxation by either removing the tax on federal pensions or levying a tax on its own pensions. [1] In a lone dissenting opinion, Justice John Paul Stevens argued that the tax was not discriminatory because it treated federal employees the same as other Michigan taxpayers.
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 ...
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.
Revenue Bond of the City of New York, issued 3. June 1858, signed by mayor Daniel F. Tiemann. A revenue bond is a special type of municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified revenue-generating entity associated with the purpose of the bonds, rather than from a tax.
Many retirees fear taxes, and for good reason. Taxes tend to go up regularly, after all, and these folks are often living on fixed or at least limited incomes. Some retirees are so concerned about ...
The principal argument for investors to hold U.S. government bonds is that the bonds are exempt from state and local taxes. The bonds are sold through an auction system by the government. The bonds are buying and selling on the secondary market, the financial market in which financial instruments such as stock, bond, option and futures are traded.
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 ...