How to use this calculator
- Enter tax-exempt yield (%), applicable marginal tax rate (%).
- Choose a display currency, then select Calculate. Results also update after a brief pause while you edit.
- Read the result with the assumptions below. Export details or save a second scenario to compare your choices.
Formula and method
Assumptions and limitations
Assumes equal credit risk and timing and full exemption under the entered regime; no jurisdiction eligibility is inferred.
Worked example
With tax-exempt yield (%) = 3, applicable marginal tax rate (%) = 25, equivalent taxable yield is approximately 4%.
What the result means
Find the taxable yield that matches a fully exempt yield after the entered tax rate.
Common questions
How should I interpret equivalent taxable yield?
Find the taxable yield that matches a fully exempt yield after the entered tax rate.
What should I check before using this result?
Assumes equal credit risk and timing and full exemption under the entered regime; no jurisdiction eligibility is inferred.
Methodology and transparency
Calculation specification reviewed on 2026-10-14. Mathematical implementation is tested against independent reference fixtures. This does not imply review by a licensed financial professional. Read the testing and precision policy.