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Bond Baba Notes: We Must Sell Bonds Before Maturity For Lower Taxes On Our Gains


Bond Baba's going to apologize. We have spoken a lot about how Capital Gains is better than income, when it comes to bonds. And we've spoken of bonds which don't pay any interest coupon but are redeemed at a "premium". The implicit assumption in these cases was that a single large payment would be treated as a capital gain - and indeed, our conversations earlier with external parties didn't point otherwise . . .

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