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Tax Bracket 15% 28% 33% Tax-Exempt Yields (%) Taxable yield equivalents (%) 4.00 4.70 5.55 5.97 4.50 5.29 6.25 6.71 5.00 5.88 6.94 7.46 5.50 6.47 7.63 8.20 6.00 7.05 8.33 8.95 6.50 7.64 9.02 9.70 6.75 7.94 9.38 10.07 7.00 8.23 9.72 10.45 7.25 8.53 10.07 10.82 7.50 8.82 10.42 11.19 7.75 9.12 10.76 11.57 8.00 9.41 11.11 11.94 8.25 9.71 11.46 12.31 8.50 10.00 11.80 12.68 8.75 10.29 12.15 13.06 9.00 10.58 12.50 13.43 To use this table: Find the appropriate tax-free return and determine which tax bracket you are in.
The numbers in the column under your tax bracket
give you the approximate taxable yield equivalent.
For example: for an investor in the 28 percent
bracket, a taxable investment would have to yield 10.07 percent to provide the same after-tax return as a municipal bond paying 7.25 percent. * Chart based on 1990 figures.
86.1%