The Tax Equivalent Yield Calculator compares the yield of a tax free bond to a taxable bond, to determine which security returns the higher yield. The calculator takes into consideration the marginal federal and state tax rates of the investor. The resulting equivalent yields are computed for each of the following bond types:
* In-State Municipal bonds
* Out-of-State Municipal bonds
* Treasury & Agency bonds
* Fully Taxable bonds i.e. Corp Bonds & CDs
