↗ https://reddit.com/r/investing/comments/1qqvbf4/tax_equivalent_yields_from_tax_free_money_markets/
I'm trying to figure out whether I am calculating this correctly. Assume 37% Fed Rate, NIIT of 3.8, and 4.95 IL state tax
SUTXX - all UST - 3.54 yield is equivalent to 3.72
SWOXX - all munis - 1.8 yield is equivalent to 3.04
SNAXX - taxable MM = 3.67
So SUTXX is the winner by 0.05 (obviously not a ton)
Those numbers make sense?
And does putting money in SUTXX create any hassles, extra tax return work, or is it just as easy as SUTXX ordinary interest?
Thanks