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AZ Central

Congress eyeing munis?

May 18, 2013

Municipal bonds pay tax-free interest -- that's one of those constants on which conservative investors could always count, regardless of how tumultuous the financial markets became. Even the latest fiscal-cliff tax deal left muni bonds and bond mutual funds pretty much alone. If anything, the legislation enhanced their appeal by excluding muni-bond interest from the new Medicare investment surtax that now applies to high-income individuals.

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