Tax Equivalent Yield Calculator Texas
TEY in a no-income-tax state like Texas.
Your numbers never leave your browser — all tax math runs locally, no account, no trackingTry: Tax-exempt yield=3.5, Federal bracket=24, State bracket=0, NIIT=0, Investment=10000 → 3.50%, 24.00%, 4.61%, $350, 4.61%
How to use
Texas has no state income tax, so only the federal bracket applies — the muni advantage is smaller than in CA or NY.
Formula
TEY = y ÷ (1 − federal)
FAQ
No state tax — munis less useful?
The federal exemption still helps; the state piece just does not add to it.
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