Is Vanguard Treasury MM fund's yield taxed or not?

[andysnp]

Is Vanguard's Treasury MM fund yield taxed at the State level or not?

According to Vanguard's website, only 54.6% is invested in treasury bills.

Does that mean 45.6% of the yield is taxed at the State level?

Thanks!

[anon_investor]

Is Vanguard's Treasury MM fund yield taxed at the State level or not?

According to Vanguard's website, only 54.6% is invested in treasury bills.

Does that mean 45.6% of the yield is taxed at the State level?

Thanks!

Yes, assuming that overall % does not change by the end of the year.

[sycamore]

Is Vanguard's Treasury MM fund yield taxed at the State level or not?

According to Vanguard's website, only 54.6% is invested in treasury bills.

Does that mean 45.6% of the yield is taxed at the State level?

Thanks!

Which state are you talking about? It makes a difference because some states require a fund to hold at least 50% US Government Obligations at the end of each quarter in order for a taxpayer to not pay state taxes on the non-USGO portion for the whole year.

There's a long thread about this subject, see viewtopic.php?t=399695.