According to the Tax Foundation, the top five states with the highest state and local tax combinations are:
- New York 12.7%
- Connecticut 12.6%
- New Jersey 12.2%
- Illinois 11.0%
- California and Wisconsin 11.0%
Investors who buy in-state MuniBonds may recieve #TripleTaxExemptIncome on the income derived.
For example, a NY State Resident should definitely consider a NY State Municipal Bond like the NY State Thruway Authority in order to receive coupon interest exempt from Federal, State & Local Taxes.
Reach out to firstname.lastname@example.org if you want to reduce your taxable income in 2023.
#WatkinsonMuniBonds #munis #MuniBonds #TaxExemptIncome #TaxFreeIncome