Tax Consequences of Cash Account Choices  
       
Income Tax Rates   After-Tax Yields  
        Reported Yield After-Tax Yield  
Federal Tax Rate   Muni State  
State Tax Rate   Muni Non-State  
Local Tax Rate   Government  
      Fully Taxable  
       
State Tax Rates   Choices For Cash Account  
       
      Muni State  Muni Non-State  Government  Fully Taxable   
      Pre-Tax Income  
       for $10,000  
       for $1,000,000
     
      Taxes Owed  
      $0  for $10,000  
      $0  for $1,000,000
     
      After-Tax Income  
       for $10,000  
       for $1,000,000
       
       
       
       
       

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