Mutual exclusion doctrine

Doctrine establishing that Interest earned on federal Debt will not be taxed by state or local Governments, and Interest earned on state and Local government Debt will not be taxed by the federal government.

Related Terms: 7 Debt, Fed, Governments, Interest, Local, Tax, TRIN

Other Related Pages: Category: Taxes Starting With: M

Additional Related Terms: Accrued interest, After-tax basis, At par, All or any part, At best, At call, Accumulated earnings tax, At risk, Add-on service, As is