Taxable Equivalent Yield

This calculator shows how much your taxable investment needs to return in order for you to achieve an equivalent yield to that of a comparable tax-exempt security. For example, investors filing a joint return in the 25% tax bracket need to receive a 6.67% return on a taxable investment in order to equal a 5% tax-exempt yield. See how the tax-exempt advantage can keep more of your investment income working for you.