A It depends on the type of fund. Generally, the interest earned in bond funds is taxed at ordinary-income rates, reaching as high as 35 percent. But if the fund invests in tax-free municipals, all or part of the interest may be taxfree. In addition, some so-called “bond funds” invest in stocks that may pay qualified dividends taxed at a maximum 15 percent tax rate. Tip:You will receive a breakdown on the types of income on the Form 1099-DIV for 2006.
- Feel free to set punishment that fits the crime
- Supreme Court nominee Sotomayor brings balanced employment law perspective
- OSHA claims Niles dentist muzzled whistle-blowers
- Bosses need to know: They're personally liable for discrimination under Ohio law
- Whistle-Blower protection requires employee's intent to expose illegality