When you don’t have to pay tax on yield instruments, you get a higher net after tax return. This is (obviously) not anything new, but I like the way the informative graphic depicts it:
Source: PIMCO
When you don’t have to pay tax on yield instruments, you get a higher net after tax return. This is (obviously) not anything new, but I like the way the informative graphic depicts it:
Source: PIMCO