Pres. Obama's new tax plan includes a partial removal of the tax-exempt status given to muni...

|By:, SA News Editor

Pres. Obama's new tax plan includes a partial removal of the tax-exempt status given to muni bonds. As fund manager Ben Thompson explains it, investors could have to pay a tax rate as high as 11.6% on muni bond income, depending on their bracket  If the proposal goes through, it's likely muni yields will go higher relative to Treasury yields.