Andrew is the English form of a given name common in many countries. In the 1990s, it was among the top ten most popular names given to boys in English-speaking countries. In Italian, the equivalent to Andrew is Andrea, though Andrea is feminine in most other languages. Andrew is frequently shortened to Andy or Drew.
Some Municipal Bonds are Federally Taxable. The federal government does not tax most activities of states and municipalities, giving most muni bonds tax-exempt status, but some activities do not fall under this tax exemption.
When you purchase a municipal bond, you are lending money to a state or local government entity, which in turn promises to pay you a specified amount of interest (usually paid semiannually) and return the principal to you on a specific maturity date. Not all municipal bonds offer income exempt from both federal and state taxes. There is an entirely separate market of municipal issues that are taxable at the federal level, but still offer a stateâand often localâtax exemption on interest paid to residents of the state of issuance. Most of this municipal bond information refers to munis which are free of federal taxes.