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« He's baaaccckkk...and needed. | Main | Just a thought... »

02 March 2011

Comments

Jackb29

I had to send the part about the Courtesy Patrol in Wurzburg to my older and younger brother, as all 3 of us spent 3 years +/- in Germany in the Green Machine, older brother 63-66, younger brother and myself from 76-80.

And at one time or another, all 3 of us served on a courtesy patrol...

Younger brother will really enjoy this, as he was stationed in Wurzburg (medic at the main clinic) for over a year. Rest of time medic in 4/64 Armor. I was an LT in 1/6 Infantry/1st AD at Illeshiem, near Nurnberg. Older brother in 24 Division, Munich and Augsberg.

Those were the days...

Lots of very good (although depressing) political and economic observations in this post... as usual.

Thanks for your take on things..

Jack
jackb29@comcast.net (email me if you are not too busy.. we can compare Germany stories..)

Ellen1910

Earnings from Munis or State bonds are not tax free if part of a mutual fund. Crusader AXE

Hunh?/

Crusader AXE

Ellen1910 has caught me in some confusion. Her link is to the SEC which has a paper -- easily understandable -- about mutual funds and talks about bond funds. Dividends from funds invested in Tax Free bonds may or may not be tax exempt; however, capital gains are taxable. Bonds are generally best for wealth protection as opposed to wealth creation, so there's not a lot of expectation of large capital gains if the bonds are traded. However, the dividends from the bonds are also pretty low; and, fund management fees and so on will eat away at some of these. If you buy $100K of New York City 30-Year bonds, you get the dividends with no deductions. However, most of us won't do that -- and, most of what we see will be capital gains when we sell the funds. So, it's not as simple as I may have made it, but it's pretty close.

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