“Tax-free income By far the largest account, valued between $1 million and $5 million, was in the Northern Municipal Money Market Fund. It generated tax-free interest in 2007 of between $15,001 and $50,000. “
I propose a new tax.
Howz-about a 30% tax on interest gained in the Northern Municipal Money Market Fund? hmmmm???
If those numbers are correct, the highest possible gain he could have made is 5%. He probably made much less. You really think we should end tax exemption for municipal bonds?
This article is ridiculous.