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Revision as of 22:04, 7 January 2025
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Determine the interest rate that need to pay to your taxable regarding the bond income. Use last year's tax rate, unless your earnings has changed substantially. Where case, cause estimate what your rate will end up being. Suppose that anticipate to live in the 25% rate, as well as are calculating the rate for a Treasury connect. Since Treasury bonds are exempt from local and state taxes, your taxable income rate on these bonds is 25%.
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