Tax Equivalent Yield Calculator 24% Bracket
TEY when your top federal bracket is 24%.
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
At 24% federal, the taxable equivalent yield is about 31% higher than the muni yield.
Formula
TEY = y ÷ (1 − 0.24)
FAQ
Why the big jump?
A quarter of every taxable dollar goes to tax, so the muni’s exemption is worth more.
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