Essential Higher Learning PODCAST: 1/2017 - Post #1579

Domingo Halliburton

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How UBS Spread the Pain of Puerto Rico's Debt Crisis to Clients


:francis:


This seems like a pretty bizarre case...


I was actually thinking about investing in bonds in the city/state (NY) but am having a hard time figuring out the income/benefit/tax aspect. If anyone could break it down? @Domingo Halliburton @Futuristic Eskimo @alybaba @Big Jo

Should be tax free if you buy the right muni bonds. Are you saying how much will I save in taxes? Then use your typical effective tax rate.
 

88m3

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I don't want to lead you astray because I'm not exactly an expert in this field. Interest shouldn't be included in the gross income but beyond that I'm not 100% sure without doing some reading.

No worries, have just been bouncing some ideas around in my head.
 
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