At the same time Vanguard's New York Long-Term Tax-Exempt Fund, with an average duration of 6.8 years, offered a yield to maturity of 3.8%.

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Barnet Sherman is a director and the portfolio manager of the TIAA-CREF Tax-Exempt Bond Fund at TIAA-CREF.

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The Vanguard Long-Term Tax Exempt Fund today is yielding 4.8%, or about 4.6% after state taxes (depending on where you live).

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In his Santa Barbara speech, Clinton did not mention Democratic contributions from an Indonesian banking family, fund-raiser John Huang, or a Democratic fund-raiser at a tax-exempt Buddhist temple in Southern California.

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Among the allegations was the claim that Kilpatrick used a tax-exempt charity, the Kilpatrick Civic Fund, as his own personal piggy bank.

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Tax-exempt interest from munis issued to fund private activities, such as sports arenas, must be included in income when calculating the alternative minimum tax.

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The USAA Texas Tax-Free Income Fund looks utterly pointless, given that Texas lacks an income tax from which to be exempt.

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