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Taxes Taxes Taxes Roundup

This week starts with a personal note. I was in Austin, Texas earlier this week, and to my utter horror was told by the grill worker at a cafeteria that I could not order a burger medium rare. "Health department rules," he told me. I smiled, told him I understood, and asked him to take [...]

Borrowing to buy Tax Free Munis

I recently read someone suggesting this, and it seemed like an interesting idea. Borrowing at a low tax-deductible rate on one's equity line of credit, to invest in tax free municipal bonds or bond funds, which, after tax, would offer a higher return. One problem, the tax code doesn't permit this. From IRS Pub 936, [...]