- quote -

Check out:

ORTYX

ORTCX

ORTFX

kramer.newsreader[at]gmail.com writes:
[please trim and quote properly]

- quote -

Municipal bonds issued by Puerto Rico may be exempt from
state as well as federal income taxes for you. I don't
know of any Oregon-specific single-state muni bond fund,
at least not from any large no-load family. (There are
a couple of load funds, but it'd take quite a while for
your state income tax to cost more than a load). There
are many folks who specialize in helping high-income
folks find and buy these things, but unless you've got
some serious money, it may not be worth paying them for
that help.

Remember that your federal income taxes are what are
really 'killing' you, not your state ones (though those
are absurdly high rates), so if you are in the highest
federal tax bracket, you might want to be looking at
any nationally tax-exempt bond fund.

As far as equities, that income tax hits your dividend
payouts, and the cap-gains tax only hits if you sell
your fund or if your fund has high turnover. Look at
index funds or other tax-managed funds to minimize the
latter - and, as far as I'm concerned, I wouldn't worry
about the income tax hitting those dividends all that
much - the dividend yield on most of the indices is still
pretty low.

Keep an eye on your state taxes, let your knowledge of
them help you make your investing decisions - but don't
let them be the primary driver - there are other much
more overwhelming issues to consider, starting with
saving in the first place, an appropriate asset allocation
in the second.

Oh, and of course, maxing out any 401k and/or IRAs you
can get into.



--
Plain Bread alone for e-mail, thanks. The rest gets trashed.
No HTML in E-Mail! -- http://www.expita.com/nomime.html
Are you posting responses that are easy for others to follow?
http://www.greenend.org.uk/rjk/2000/06/14/quoting

kramer.newsreader[at]gmail.com wrote:
- quote -


Buy T-bills or T-notes. http://treasurydirect.gov

You can also buy equities that you can hold forever instead of buying
funds, and not pay capital gains tax until you sell. (then move to Texas
or Washington before you sell) SPY might be a good one for that.

Best regards,
Bob

On Fri, 30 Jun 2006 03:46:34 -0500, kramer.newsreader[at]gmail.com wrote:

- quote -

Assume you know that stock dividends - at least "qualified" dividends,
which is most of them - qualifies for the 15% federal cap. And if you
already are in the 15% bracket, less. While this doesn't
automatically help with Oregon, a dollar saved is a dollar saved.

Also, choose stock funds with low turnover (turnover is what leads to
capital gains distributions each year even if you reinvest). Low
turnover means either a tax-managed fund or an index fund. For
example, I can't remember the last time VFINX (Vanguard 500 Index) had
a capital gains distribution. And with a qualified dividend yield of
under 2%, it approaches tax-deferred while still offering capital
gains when sold after holding for at least one year. Hard to beat.

As for Oregon taxes, remember that no State runs on air. They are
either getting money from income tax or some other tax. Around here
it is auto, sales and property taxes. Ugh.



-HW "Skip" Weldon
Columbia, SC

<kramer.newsreader[at]gmail.com> wrote in message
news:1151640305.213145.283420[at]i40g2000cwc.googlegroups.com...
- quote -

Columbia Funds originally started in Portland, OR and then was taken over
by someone else. The old name for their Oregon only municipal bond fund
was :

Columbia Oregon Municipal Bond Fund Columbia.

I believe it was changed last year to: Intermediate OR Municipal Bond
Fund, Symbol CMBFX

If the 9% tax, tax, tax is killing you, hop across the Columbia River to
Washington and go income tax free!!

-bill

<kramer.newsreader[at]gmail.com> wrote in message
news:1151689992.941644.66880[at]75g2000cwc.googlegroups.com...
- quote -

Vanguard offers at least 11 tax managed equity funds. If the Oregon state
income tax is too much for you, then consider moving next door to no state
income tax Washington.

I don't know how Oregon taxes its people regarding municipal bonds. If the
state taxes you on munis outside of Oregon, then you need to find a bond
fund that invests only in Oregon bonds. I don't know of any, but I'm sure a
Google (or your favorite search engine) search will reveal any that exist.

As far as equity funds, you want a fund with low turnover. But I think I
would look at diversified portfolio of exchange traded funds (ETFs) that
mimick an index such as Spiders (SPY). These are traded like stocks with
little turnover, low expenses and the opportunity for long term tax rate if
held over one year.

704set

- quote -

The tax exempt funds generally perform worse than their taxable
counterparts. An advisor at T. Rowe Price once told me that he only
recommends the tax exempt money market funds for people in the 28% and
higher tax brackets.

So, while you might not be happy paying the taxes, it might be worth
while to consider whether the taxes are worth it. Plus the state taxes
you pay are tax deductible for federal tax purposes (provided you
itemize).

--Bill

Well can you recommend any bonds funds? Or any equities funds that
would at least minimize my lliability?


704set wrote:
- quote -

<kramer.newsreader[at]gmail.com> wrote in message
news:1151640305.213145.283420[at]i40g2000cwc.googlegroups.com...
- quote -

I am not aware of any tax exempt stock funds - only municipal bonds.

704set

Can anyone recommend any good tax exempt funds for the state of Oregon?

Bond funds are interesting, but I'm also quite interested in tax exempt
equities funds as well.

This *#%$ing 9% income tax and 9% captial gains tax is *#%$ing killing
me.