r/wallstreetbets • u/1Loveshack 🦍🦍🦍 • Aug 17 '24

Gain How my Doing 🚀😎🌴

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189

u/Special_Step_1717 Aug 17 '24

Yep those $4200 monthly payments are pretty good

29

u/jason8585 Aug 17 '24

And no state tax

17

u/rockandchalkin Aug 17 '24

Or just buy GSE bonds 20 years out and get 6% still no state tax

9

u/payeco Aug 18 '24 edited Aug 18 '24

Many states don’t tax municipal bonds either, and they’re also federal tax free. BATEX is a muni bond ETF that has been yielding an average of 4.1% completely tax free for many for the last ~8 years with a 0.11% ER.

5

u/TigerRaiders Aug 17 '24

Why no state tax?

10

u/johnfoe_ Aug 18 '24

Bond and tbills don't get taxed by states, I'm sure other federal investments are the same