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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: knighttof3   😊 😞
Number: of 15062 
Subject: Re: OT- Howard Marks new memo
Date: 10/12/2023 2:56 PM
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Forgot to mention -
unlike corporate ETFs/MFs, interest paid out by US treasuries ETFs/MFs is free from state taxes. Still have to pay the IRS.
For me, California muni ETFs like CMF and PWZ are also an option. ~ 3.75% after expenses, tax free as I live in California. So 3.75% / (1 - marginal tax rate) tax-equivalent yield which works out to be 3.75% - 7.5+ % based on your tax situation.
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