A Tax-Free Bite Of The Big Apple
It’s been nearly 40 years since President Ford’s famous “Drop Dead” reply to New York City’s request for a federal bailout as the nation’s largest city faced bankruptcy. Now, with a recovering financial services industry and a state personal income tax of 8.82% for the wealthiest households contributing to revenue streams, investing in the state’s debt securities could mean a lower level of risk. And for New York residents looking for tax-free income, the state’s municipal bonds, which are exempt from federal, state and local taxes, could provide an attractive option to consider.
This motif is designed to provide cost-effective exposure to the New York municipal bond market through broad bond ETFs, which hold bonds of successive intermediate and long term maturities.
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||Segment & Stocks
||1 MO / 1 YR Return
||New York Munis
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