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i have been looking into federal tax free investments like short term municipal bond fund/ municipal money market funds to avoid paying the feds. My income tax bracket is 36%. Now, i'm reading in the prospecti that the tax free earnings may not BE tax free, due to Alt. Min. Tax for high income people. What is this tax and how do i know if these tax free type investments are no longer tax free? Should i just invest in a regular money market fund and ST bond fund? HELP!
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