Bond Tables
Credit Ratings and Tax Tables
Use these tables to calculate the tax rates and exempt versus taxable yields for municipal bonds.
Federal Tax Bracket Table
|
Federal Tax Bracket: |
28% | 31% | 36% | 39.6% |
| Adj. Gross Income (single) | $27,051 - $65,550 | $65,551 - $136,750 | $136,751 - $297,300 | $297,301 + |
| Adj. Gross Income (joint) | $45,201 - $109,250 | $109,251 - $166,450 | $166,451 - $297,300 | $297,301 + |
Exempt vs. Taxable Equivalent Yields
| Tax-Exempt Yield |
Taxable Equiv. (28%) |
Taxable Equiv. (31%) |
Taxable Equiv. (36%) |
Taxable Equiv. (39.6%) |
| 4.00% | 5.55% | 5.80% | 6.25% | 6.62% |
| 4.50% | 6.25% | 6.52% | 7.03% | 7.45% |
| 5.00% | 6.94% | 7.25% | 7.81% | 8.28% |
| 5.50% | 7.64% | 7.97% | 8.59% | 9.11% |
| 6.00% | 8.33% | 8.70% | 9.38% | 9.93% |
Credit Ratings Table
| Risk Profile: | Moody's | Standard & Poor's | Fitch |
| Prime | Aaa | AAA | AAA |
| Excellent | Aa | AA | AA |
| Upper Medium | A | A | A |
| Lower Medium | Baa | BBB | BBB |
| Speculative | Ba | BB | BB |
| Very Speculative | B, Caa | B, CCC, CC | B,CCC, CC, C |
| Default | Ca, C | D | DDD, DD, D |
For more information about our municipal bond portfolios or to have us answer any questions you may have please email us (please be sure to include your name and phone number in your email), or contact us
Bondsa)
Tax sensitive investing may not provide as high a return as other investments before consideration of federal income tax consequences. b)
Bonds contain interest rate risk (as interest rates rise bond prices usually fall); the risk of issuer default; and inflation risk. The municipal market is volatile and can be significantly affected by adverse tax, legislative, or political changes and the financial condition of the issuers of municipal securities. Interest rate increases can cause the price of a debt security to decrease. A portion of the dividends you receive may be subject to federal, state, or local income tax or may be subject to the federal alternative minimum tax. A portion of the funds income may be subject to state taxes, local taxes and the federal alternative minimum tax.
Portfolio Real Life Examples | Municipal Bonds FAQ | Tax-Table / Credit Ratings Table