Tax Equivalent Yield Calculator 12% Bracket

TEY when your top federal bracket is 12%.

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Try: Tax-exempt yield=3.5, Federal bracket=12, State bracket=0, NIIT=0, Investment=10000 → 3.50%, 12.00%, 3.98%, $350, 3.98%

How to use

At 12% federal, the taxable equivalent yield edges a bit higher than the exempt yield.

Formula

TEY = y ÷ (1 − 0.12)

FAQ

When does a muni pull ahead?

As your bracket climbs, the tax savings grow and munis look better.

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