Advertising

Tax exempt

• Refers to income or property which is not subject to tax. Interest on Municipal bond is not subject to federal income tax. Similarly, interest on a treasury bond is not subject to state or local income taxes.

 
 

Follow this link for all the terms related to tax.

 
 Embedded terms in definition
 Bond
Income
Interest
Local
Municipal bond
Subject
Treasury bond
 
 Related Terms
 

<< Tax efficient portfolios Tax exempt sector >>

How to Ace Your First Test Managing Real Money in the Real World: As a teen, you're beginning to make some grown-up decisions about how to save and spend your money. That's why learning the right ways to manage money…right from the start…is important. Here are suggestions. More...

Always behave like a duck--keep calm and unruffled on the surface but paddle like the devil underneath. - Jacob Braude

Advertising



Copyright ©2009-2017 GVC. All rights reserved.