Municipal bonds are debt instruments issued by countries, states, or local municipalities to raise capital for funding projects like highways, schools, etc. This is very attractive for investors that are already in higher tax brackets because the interest on municipal bonds is exempt from tax.
Municipal bonds are like a loan to a government or country that is mainly used for larger public projects like constructions and welfare projects. These are considered risk-free investments as the government backs its payments. The interest payments on general obligation municipality bonds are not secured on revenues from the projects, whereas, revenue bonds are mostly secured.
Marc and Michelle are married and earned salaries this year of $
The following information is available for Remmers Corporation for 2014.
Jack, a geologist, had been debating for years whether or
For the year ended December 31, 2018, Fidelity Engineering reported
Christopher is a cash-method, calendar-year taxpayer,
Hagar Corporation has municipal bonds classified as available for-sale at
Cardinal Corporation, a calendar year taxpayer, receives dividend income of
Interest on municipal bonds is referred to as a permanent difference when
Why it that municipal bonds are not is taxed at the federal
The Sampsons are considering investing in bonds as a way of saving