Difference between revisions of "Tax Rates Reflect Standard Of Living"

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Revision as of 11:30, 30 August 2024

Investing in bonds can be a good way to earn reasonable returns, how do talked about how much whether a tax free bond or a taxable bond is probably the most investment? A bond is actually the lending of money to another party. Bonds are issued as to safeguard the money loaned. Most bonds are generally corporate or governmental. They are traditionally issued in $1,000 face amount. Interest is paid on an annual or semi-annual basis. Corporate bonds are taxable, while some governmentals are non-taxable. Municipal bonds and I-bonds (issued by the U.S. Treasury) are non-taxable.

B) Interest earned, but am not paid, during a bond year, must be accrued following the bond year and reported as taxable income for that calendar year in the fact that the bond year ends.

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