Eight Percent Tax Free With a Government Guarantee
Category: BUSINESS
Puerto Rico, though it is not a state, has the privilege of issuing municipal bonds. Interest on those bonds is free from U.S. taxes. Typical municipal bonds pay 3 percent returns these days. But Puerto Rico's municipal bonds pay 8 percent or more.
By Robert Rosenkranz, ContributorCEO, Professional Investor and Chairman, Intelligence Squared ..., 2015-04-14