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  This calculator can help you determine whether you’re better off investing in taxable or municipal bonds. Yields on municipal bonds, though lower than those on taxable bonds, are often higher than they would need to be to fully account   for their tax-exempt status. That isn’t always the case, however. The only way to find out is to adjust the municipal yield to a tax-equivalent level.  
  Enter Municipal Bond Attributes: Yield % Is it exempt from state and local taxes?  
    Yes No  
  Enter Taxable Bond Attributes: Yield % Is it a Treasury bond?  
    Yes No  
  Enter Tax Bracket/Rate: Federal Tax Bracket State Tax Rate  
     
 
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