Vusxx vs vmfxx

4.77% is higher than 4.70%, but VUSXX is mostly exempt from state income tax where VMFXX isn't. Reply. yes_its_him. •. VMFXX does a few more tricky things so it makes slightly more money and costs slightly more. You can treat them as identical for the most part. Reply. Zealousideal-Pop4426. •.

by Wiggums » Wed Mar 22, 2023 11:26 am. VUSXX is the safest because of its pure T-Bills composition and state and local tax exempt. VMFXX is second safest, but the composition is not a pure US treasury play. VMFXX dividends are partially taxed at the state level.Vanguard Federal Money Market Fund seeks to provide current income while maintaining a stable $1 NAV and a very short average maturity. The fund invests at least 99.5% of its total assets in cash, government securities, and/or repurchase agreements that are collateralized solely by government securities or cash (collectively, government ...Here is a hint. I ran a backtest of VUSXX, VMFXX, vs. FZFXX and FDLXX in my Optimizer spreadsheet for CA taxpayers. Assumption and Constraints: 81% USGO for VUSXX (based on my tool's calculations) and it met the 50% threshold; FZFXX did NOT meet the 50% threshold; FDLXX obtains the threshold with 100% USGO; VMFXX did …What is the real difference between the three Vanguard money market funds VMRXX, VMFXX, and VUSXX, particularly in terms of expected performance? They seem to have similar objectives. Right now, the yield on VUSXX is 0.09% whereas the other two are 0.01%. Location: Hawaii No Ka Oi - white sandy beaches, N. Arizona 1 mile high.Mar 3, 2022 · What is the real difference between the three Vanguard money market funds VMRXX, VMFXX, and VUSXX, particularly in terms of expected performance? They seem to have similar objectives. Right now, the yield on VUSXX is 0.09% whereas the other two are 0.01%. Location: Hawaii No Ka Oi - white sandy beaches, N. Arizona 1 mile high. I'm not a pro, but I'd say VMFXX is 99.9998% safe. If you wanted to hit 99.9999% safe, you could use VUSXX. Either way, your bigger issue is using a bank savings account over either of those offerings. With a million to stash, you could be generating somewhere around 4.5% a year at no practical risk just by parking the cash in …Learn the differences and similarities between VUSXX and VMFXX, two conservative money market funds offered by Vanguard. Compare their diversification, expense ratios, tax efficiency, performance, and dividend yield.Mar 16, 2023 · Vanguard puts out a bulletin in January with the percentages of tax-exempt state and local taxes assets. Last year VUSXX was 100% and I think VMFXX had some percent exempt. Right now, VUSXX has about 25% repos that are not exempt so I doubt it will be 100% exempt like last year.

Before vusxx just followed short less than a month Tbills they added repos recently so if something happened with those could cause yields to go negative. The likelihood of that is similar to Treasury default. I'd not worry about it. Perfectly safe in a MM mutual fund.QZ&A with Quora's country manager for India, Gautam Shewakramani The query posed on Quora was straightforward: Does India actually need a bullet train? And as expected, the online ...Mar 27, 2023 · Re: VUSXX vs VMFXX questions. by Artsdoctor » Mon Mar 27, 2023 4:30 pm. The higher your state's income tax is, the more beneficial VUSXX becomes. If your state has no income tax, VUSXX is unlikely to offer a superior after-tax yield for you. Recently, VUSXX's yield has been higher than the yield of VMFXX although this is not always the case. The Insider Trading Activity of Numoto Takeshi on Markets Insider. Indices Commodities Currencies StocksVMFXX and VUSXX are the two popular MMMF's at Vanguard T-Bills, no FDIC, but backed by the US government, completely safe. Interest is only taxable federally. Funds are locked up for the term of the Bill, 4, 8, 13, 17, 26, and 52 weeks. I am using VMFXX in our Vanguard Brokerage, and T-Bills at Treasury Direct.VUSXX is the safest because of its pure T-Bills composition. VMFXX is second safest. VMMXX is the least safe and is also gated, which makes it unsuitable for an emergency fund. Thus VUSXX is the safest choice. It is safer than VMFXX since it yields the same, but is also exempt from state and local taxes.Treasuries are not federal tax free...only state tax free. So VUSXX would be mostly state tax free...they don't guarantee it is 100% state tax free, as they are able to invest in repurchase agreements per their fund summary, but I believe it is usually pretty close to 100%. VMFXX was 37% state tax free in 2022.

Sometimes it's better the second (or third, or fourth) time around. The usual suspects have been deeply traumatized by the latest trailer for a Disney movie (as though we have noth...VUSXX right now has 7 day yield of 2.21% with weighted average maturity of 29 and weighted average life of 59 days, it also has expense ratio of .09% . FDLXX which is fidelity treasury only money market fund has 7 day yield of 1.9% with weighted average maturity of 44 days and weighted average life of 82 days, it has gross of .42 and net of .11.Need to manually buy VUSXX in any Vanguard brokerage account (traditional IRA, Roth IRA, taxable) because VUSXX isn't the default money market fund. As of 6/13/23, VUSXX yields 5.06% annually and around 42% of distributions are state tax exempt because 42% of the fund is in T-bills.VUSXX is better for state tax free. Reply. Like (3) Logan Kane. 11 Mar. 2023. ... Is it still better to put money in VMSXX (muni) at 2.99% vs VMFXX at 4.23% for anyone in highest tax bracket? I ...

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Both VBTLX and VMFXX have Treasury securities as a majority of their assets, so both might qualify for a partial state tax exemption. Vanguard won't release complete information about tax treatment until January, so I can't say that either one will necessarily be better from a tax standpoint. VUSXX more definitely qualifies for state tax exemption.Vanguard's money market funds have some of the best rates currently & that's what we'll be talking about in today's video: 1. What’s Vanguard’s core money ma...Compared to similar systems used in Australia, New Zealand, Canada, Hong Kong and South Korea, the UK version puts the most strenuous requirements on the job offer. Immigration in ...Apr 12, 2019 · Thank you in advance. VMFXX (Vang Federal MM): 5.28% yield exp ratio 0.11%. VUSXX (Vang Treasury MM): 5.26% yield exp ratio 0.09%. VMSXX (Vang Muni MM): 3.12% yield exp ratio 0.15%. First off, your Federal rate is almost surely 40.8% including NIIT. My tool will give you a detailed analysis of the best option. Thanks to cloud computing, it's never been cheaper to crunch data in the pursuit of profit. By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its p...

When you’re ordering food online, it’s all too easy to just add a couple of dollars online as a tip—after all, it beats fumbling around your wallet for spare dollars. When you’re o...Societal pressure and the consistent trauma of navigating the world as a Black person can make it difficult to discuss and treat depression within the Black community. Black folks ...In mid 20’s and looking to invest about $50,000 in a Money Market fund. I know VMRXX has Admiral shares as opposed to Investor shares in VMFXX, is…A new study out of the UK finds that earnings fall for short men and overweight women. By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its partne...VUSXX indicates, "Income generated from investments in repurchase agreements with the federal reserve are generally subject to state and local income taxes." From a state tax perspective seems VUSXX and VMFXX both have repurchase agreements and therefore dividends are also taxed at the state and local level.The difference of .04 percent is not going to make a huge difference in most cases. For every 100k that’s about forty dollars difference. Vusxx also has a 3000 min balance while vmfxx doesn’t. Oh interesting. The VMFXX page states it has a 3k investment minimum also.Re: VMFXX vs. VUSXX. by arf30 » Sun Jul 03, 2022 11:17 pm. VMFXX holds shorter duration bonds, so its interest rate has increased faster than VUSXX. When rates hold steady the two funds tend to be very similar, with VUSXX having an edge in state taxes depending where you live and your tax bracket due to it being 100% treasuries. Topic Author.This web page does not contain any information about vusxx vs vmfxx. It lists the 10 best money market mutual funds of April 2024 based on yield, fees, size and …Product summary. Vanguard New York Municipal Money Market Fund’s investment objective is to seek to provide current income that is exempt from both federal and New York personal income taxes while maintaining a stable net asset value of $1 per share. The fund is intended for New York residents only. Under normal circumstances, …Product summary. Vanguard New York Municipal Money Market Fund’s investment objective is to seek to provide current income that is exempt from both federal and New York personal income taxes while maintaining a stable net asset value of $1 per share. The fund is intended for New York residents only. Under normal circumstances, …No, SPAXX holds mostly repos, which are not tax free in some states, and not quite as safe as a tsy-only fund. Safe enough, but more comparable to VMFXX (not VUSXX). See FZFXX for a comparable fund like VUSXX. Also the 2 equivalent Fidelity funds have higher expense ratios, hence will generally have lower yields compared to …May 3, 2024 · Like its larger sister fund, VUSXX maintains a dollar-weighted average maturity of 60 days or less. Its expense ratio is the lowest on our list. T. Rowe Price Government Money Fund (PRRXX)

Learn the differences and similarities between VUSXX and VMFXX, two conservative money market funds offered by Vanguard. Compare their diversification, expense ratios, tax efficiency, performance, and dividend yield.

Pros: The 7-day yield is slightly higher than FZDXX and much higher than SPRXX (4.46% as of 2/8/2023). Required minimum is only $3k, so I can use it even in a low-balance account and get a higher rate than SPRXX. It’s a government market fund, so it’s safer and less/not subject to liquidity fees and redemption gates.by Wiggums » Wed Mar 22, 2023 11:26 am. VUSXX is the safest because of its pure T-Bills composition and state and local tax exempt. VMFXX is second safest, but the composition is not a pure US treasury play. VMFXX dividends are partially taxed at the state level.USFR. It is composed of treasuries, it has the highest yield, it is exempt from state tax, and can be liquid within 2 days of being sold. VUSXX. VUSXX if in an income taxed state. …"Vanguard Federal Money Market Fund’s investment objective is to seek to provide current income while maintaining liquidity and a stable share price of $1. T...The 7 day SEC Yield on VUSXX is now higher than VMFXX. The 7 day SEC Yields on the Municipal Money Market funds peaked on 2-21-23 and have now turned down. The smooth rising trend on VUSXX is consistent with a ladder of T-Bills. Let's hope that the use of Repurchase Agreements in this fund is minimal.Feb 26, 2007 · For the sake of simplicity, it makes sense to have one MM fund. State taxes are not an issue since these funds are in a traditional IRA. The VMFXX settlement fund is fine for one of your IRA investments. VUSXX and VMFXX are both classified as Government Money Market funds and are very safe. The 7 day SEC yields of the two funds are very close. MembersOnline. •. SnortingElk. ADMIN MOD. VUSXX Treasury Money Market now yielding 4.61%. VUSXX just bumped up to 4.61%.. One of the highest yields for a money market fund. Note, this is the previous 7-day average so with the recent Feds 0.25% rate hike the funds yield will be quite a bit higher.. likely in the 4.8%+ yield range.I have a ton of cash sitting in VMFXX at 4.52% (and a CD) since rates are likely not finished going up.. VUSXX is good too especially if you are in a high income tax state. At this point, I lean toward more money market funds and HYSA vs a CD because of higher rates in the future and the liquidity component. VUSXX has a higher return at baseline right now it does. it trades off with VMFXX often. only 23% in repos. VMFXX has over 50% in repos. vanguard altered the fund. VUSXX used to be only treasuries, now its watered down. it isnt dramatically different from VMFXX to the point there isnt any point in debating which fund to prefer. By the way, I think that VMFXX has become much more familiar to Vanguard clients than it used to be back in 2007 when this article was originally written. Because of the money market fund reforms put into place during the aftermath of the 2008 financial crisis, VMFXX is now the default (and indeed the only) settlement fund for Vanguard ...

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Fidelity launched the Fidelity Government Money Market Fund (SPAXX) in 1990, and boasts $267.99 billion in total net assets as of May 2023, making it one of the most widely held funds in this ...VUSXX has a slightly lower expense ratio than VMFXX vs VUSXX has an expense ratio of 0.08%, while VMFXX has an expense ratio of 0.11%. This means that investors in VUSXX keep more of their returns than investors in VMFXX. Yield. VUSXX vs VMFXX typically have similar yields.VUSXX vs VMFXX right now? by powercherry5 » Thu Jun 23, 2022 8:37 pm. I have a substantial amount of money in VUSXX while I am DCA'ing my portfolio into a 3 fund portfolio. I just noticed that the regular federal money market fund (VMFXX) is giving a good bit higher yield than VUSXX. I know VUSXX is shielded from state taxes, but VMFXX is alot ...Societal pressure and the consistent trauma of navigating the world as a Black person can make it difficult to discuss and treat depression within the Black community. Black folks ...VMFXX vs VUSXX in WA with no state income tax state? Hello, if i am living in WA where there is no state income tax, would VMFXX be the better choice here? Thanks. Archived post. New comments cannot be posted and votes cannot be cast. If you are in a higher tax bracket some muni funds TEY is higher than treasury or cash funds. VMSXX is an …NY is one of 3 States that may lose all tax benefit. Look at the NY Muni or USFR. Take a look at VYFXX. 421K subscribers in the Bogleheads community. Bogleheads are passive investors who follow Jack Bogle's simple but powerful message to diversify with….Jun 23, 2010 · No, SPAXX holds mostly repos, which are not tax free in some states, and not quite as safe as a tsy-only fund. Safe enough, but more comparable to VMFXX (not VUSXX). See FZFXX for a comparable fund like VUSXX. Also the 2 equivalent Fidelity funds have higher expense ratios, hence will generally have lower yields compared to Vanguard equivalent ... VUSXX has a higher return at baseline right now it does. it trades off with VMFXX often. only 23% in repos. VMFXX has over 50% in repos. vanguard altered the fund. VUSXX used to be only treasuries, now its watered down. it isnt dramatically different from VMFXX to the point there isnt any point in debating which fund to prefer. ….

USFR paid out $0.217 per share yesterday from an Ex-Div date of Feb 23rd. The share price on the 23rd was $50.47 for a yield for that month of %0.004299 or an annualized yield (by my math) of 5.28%. The 30 day SEC yield is 5.43% according to Schwab as I can't get into the Wisdom Tree website.So it is not very likely that 70% of VMFXX income is Treasury interest. State taxation of income from Repurchase Agreements is subject to considerable controversy: https://dspace2.creighton.edu/xmlui/bit ... 995%29.pdf. On the other hand, VUSXX portfolio composition: US Govt Obligations: ~6.5% , US T-Bills: ~93.5%:Vanguard California Municipal Money Market Fund’s investment objective is to seek to provide current income that is exempt from both federal and California personal income taxes while maintaining a stable net asset value of $1 per share. The fund is intended for California residents only. Under normal circumstances, the fund invests at least ...VMFXX's 4.12% is 2.75% assuming 50% state tax exempt, VUSXX's 3.91 is 2.76% at 100%, 'qualified investment fund', best savings account I have currently is 4% pre tax APR, 2.51% after tax. I have big slug of cash reserves in VUSXX and most of the rest in VMFXX, a relatively small amount in the savings account in case I get locked out of …VMFXX maintains share price at $1 so all the yield comes in monthly dividend payments. That's helpful - thanks. In terms of the duration, maybe if I outline what I'm doing, it would be interesting to get people's view on the best alternative. ... but have not done that so a bit limited). I was hoping i'd see some funds like VUSXX, but looks ... VUSXX has a higher return at baseline right now it does. it trades off with VMFXX often. only 23% in repos. VMFXX has over 50% in repos. vanguard altered the fund. VUSXX used to be only treasuries, now its watered down. it isnt dramatically different from VMFXX to the point there isnt any point in debating which fund to prefer. Thanks to cloud computing, it's never been cheaper to crunch data in the pursuit of profit. By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its p...Vanguard Federal Money Market Fund (ticker: VMFXX) 5.3%: 0.11%: Vanguard Treasury Money Market Fund (VUSXX) 5.3%: 0.09%: Vanguard Cash Reserves Federal Money Market Fund Admiral Shares...VUSXX is a type of money market fund offered by Vanguard. Vanguard offers a wide array of money market funds, including VMFXX, VMMXX, VMSXX, VCTXX, VYFXX and VUSXX. These funds all attempt to provide income while maintaining the primary objective of keeping a stable net asset value (NAV) of $1 per share. However, VUSXX is …VUSXX vs VMFXX for holding cash. VUSXX has a lower expense ratio (.09 vs .11) and a slightly higher yield. Thoughts on why anyone wouldn't use it to hold cash? Archived post. New comments cannot be posted and votes cannot be cast. 1. 8 Share. Vusxx vs vmfxx, Re: VMFXX vs VUSXX. by Doctor Rhythm » Thu Feb 22, 2024 5:49 pm. If you pay state income tax, a portion of VUSXX dividends will likely be exempt from it. Depending on your state’s laws, that may not be true for VMFXX - and the exempted amount will likely be lower. For 2023, around 80% of my dividend from VUSXX will be exempt from my state ..., Big_Mase10. What is VMFXX? Confusion with Vanguard. I have put roughly $18k into vanguard throughout VTI, VIGI, and VTIAX, and it shows it split up evenly (6k in Roth to VTIAX, and the other 12k to VTI and VIGI), however when i look at my portfolio balance it shows 9,000 in short term reserves of VMFXX. Can someone please explain what’s …, VMFXX#ip=1. More of the interest created by VUSXX will likely be exempt from state income taxes, because it usually holds a higher percentage of its assets in US Treasury products and fewer dollars are held in repurchase agreements. Regards, "All of us would be better investors if we just made fewer decisions." - Daniel Kahneman., Hi all, I'm wondering why people are going through the process of doing t-bill ladders etc with cash vs just buying liquid positions like VMFXX (7 day yield 3.61%) and VUSB (30 day sec yield 4.57%)? ... a mix of repos and Tbills so you don’t get state tax exemption like tbill boight at auction or tbill only fund like vusxx would provide., VUSXX has a slightly lower expense ratio than VMFXX vs VUSXX has an expense ratio of 0.08%, while VMFXX has an expense ratio of 0.11%. This means that investors in VUSXX keep more of their returns than investors in VMFXX. Yield. VUSXX vs VMFXX typically have similar yields., Malpractice insurance pays for the mistakes health care professionals make due to negligence or harmful decisions. Malpractice insurance is liability insurance for doctors and othe..., Mar 22, 2023 · by Wiggums » Wed Mar 22, 2023 11:26 am. VUSXX is the safest because of its pure T-Bills composition and state and local tax exempt. VMFXX is second safest, but the composition is not a pure US treasury play. VMFXX dividends are partially taxed at the state level. , Living with OCD often involves feeling regret about things you really couldn't control anyway. Here's how I've learned to manage this. Most of the time, my OCD boils down to regret..., After tax returns for the two funds over the period of time is: VUSXX = 3.96% (or $3,959 per $100K invested) VMFXX = 3.89% (or $3,888 per $100K invested) VUSXX wins by $71 for the year on $100K invested. From a back-test the story is VUSXX wins, but it is so close, we cannot be sure it was predicable., A peninsula stretching south of the Alpide belt whose northern boundary is a breathtaking mountain chain. A land of wonderful—and wonderfully different—landscapes yet subject to de..., vmrxx vs vmfxx vs vusxx . Thoughts on which to use instead of HYSA? Massachusetts resident, so was also considering vmatx… Thanks for any guidance! Archived post. New comments cannot be posted and votes cannot be cast. Share     TOPICS. Gaming. Valheim; Genshin Impact; Minecraft;, Vanguard money market funds and their average 7-day SEC yield can be found at the link below. VMRXX = 3.71% and VUSXX = 3.67%... going with a Federal tax-free fund is typically going to be …, Jul 23, 2023 · Vanguard's money market funds have some of the best rates currently & that's what we'll be talking about in today's video: 1. What’s Vanguard’s core money ma... , Hi all, I'm wondering why people are going through the process of doing t-bill ladders etc with cash vs just buying liquid positions like VMFXX (7 day yield 3.61%) and VUSB (30 day sec yield 4.57%)? ... a mix of repos and Tbills so you don’t get state tax exemption like tbill boight at auction or tbill only fund like vusxx would provide., Learn the differences and similarities between VUSXX and VMFXX, two conservative money market funds offered by Vanguard. Compare their diversification, expense ratios, tax efficiency, performance, and dividend yield., VUSXX. Benchmark. Number of holdings: 23 — Average maturity: 28.0 days — Weighted average life: 33.0 days — Fund total net assets as of 04/30/2024: $73.7 B — Risks associated with conservative funds . Vanguard funds are classified as conservative if their share prices are expected to remain stable or to fluctuate only slightly. Keep in ..., Vanguard - Product detail is a webpage that provides information on the Vanguard Treasury Money Market Fund, an institutional investment product that seeks to provide current income, liquidity and stability. The webpage offers an overview, performance, price and distributions, portfolio management and literature of the fund. The webpage also allows users to compare the fund with other related ..., From inception vs VUSXX 1.96 vs 1.88 in favor of sgov which I found slightly surprising. On performance ytd vusxx .31 and sgov .29 I don't know how much that means since we aren't even a month into the year. ... The one thing I would note vmfxx vs sgov is that in high state tax states vmfxx has barely any treasuries anymore so its going to be ..., VMFXX / VUSXX taxability for NJ. Currently doing my taxes for 2022 and held VFMXX. From other posts, I read that a portion of VMFXX is not state taxable if it came from US government debt obligations, and according to Vanguard, this is about 38%. The Vanguard doc notes that certain funds "meets the requirements for a New Jersey “qualified ..., VUSXX-Vanguard Treasury Money Market Fund | Vanguard. Vanguard Treasury Money Market Fund. Buy. Compare. Management style. Active. Asset class. …, VMFXX, because even though the interest earned isn't 100% state tax exempt, the current forward annual yield of 4.21% (as of 12/27/22) off sets the taxes I pay. I don't live in CA or NY either. VMFXX also has over 200 billion in total assets and has never broken the buck since inception 1981. , To calculate your own rate of interest that you'd get to keep for the fund, you'd subtract your marginal tax rate from 1.0, then multiply that number times the SEC 7 day yield. ( 1.0 - 0.22) X 4.33% = 3.3774%. So, 3.3774% is the interest you'd actually get to keep by investing in VUSXX, if you're in the 22% Federal bracket., Learn the differences and similarities between VUSXX and VMFXX, two conservative money market funds offered by Vanguard. Compare their performance, fees, tax efficiency, diversification, and risk rating., Any really difference or advantages between them? VUSXX is state tax exempt which can be important in high tax states like CA/CT/NY. VUSXX also has 3000 min initial balance . VMFXX is my current settle fund on Vanguard but doesn’t have anything it. Was thinking about moving cash from Ally into vanguard and into VMFXX or…., There's been a lot of talk about money market funds like VUSXX since they are returning good yields right now, ~4.5% and state tax exempt. Most are invested in treasury bills. I'm trying to understand the risks, and with the current debt ceiling I'm wondering does anyone have any experience with funds like these during the last major debt crisis, like in 2011, VMFXX vs VUSXX comments. r/ThriftSavingsPlan. r/ThriftSavingsPlan. This is an UNOFFICIAL subreddit that is intended to provide info and advice to Federal Civilian and military employees who contribute to the TSP as part of their retirement plan. We welcome all questions and discussion related to TSP., VUSXX vs VMFXX for holding cash. VUSXX has a lower expense ratio (.09 vs .11) and a slightly higher yield. Thoughts on why anyone wouldn't use it to hold cash? Archived post. New comments cannot be posted and votes cannot be cast. 1. 8 Share. , VUSXX vs VMFXX for holding cash. VUSXX has a lower expense ratio (.09 vs .11) and a slightly higher yield. Thoughts on why anyone wouldn't use it to hold cash? Archived post. New comments cannot be posted and votes cannot be cast. 1. 8 Share., Another important consideration is cost. VMRXX is less expensive than VMFXX by 0.01%. While the difference is marginal when you add this to the outperformance by VMRXX it enhances the amount of returns you will receive. In terms of tax efficiency, VMFXX has a slight edge as it has a smaller tax impact than VMRXX., However, among a couple of small/indeterminate risks are more for VMFXX vs. FDIC insured deposits:-a 'technical' default by the government over 'debt ceiling' could at least temporarily gum up the works for redeeming money market funds full of govt issues (especially the more T-bill heavy, though *generally* even safer VUSXX)., VUSXX has a sightly lower yield but is partially state income tax exempt. VMFXX has a slightly higher yield but is generally not state income tax exempt. So what really matters if whether you live in a state with state income tax. I will point out that as I type this they both have identical yields - 5.32%. But this is not always the case. Reply., VUSXX vs VMFXX for holding cash. VUSXX has a lower expense ratio (.09 vs .11) and a slightly higher yield. Thoughts on why anyone wouldn't use it to hold cash? Archived post. New comments cannot be posted and votes cannot be cast. 1. 8 Share., For example, $100K in VMFXX or VUSXX, assuming 10% state and local income tax, you would earn about $5,400 in interest in either case. You would pay $540 in state and local taxes using VMFXX. VUSXX would be better than VMFXX because you would pay less in state taxes. VUSXX is expected to have somewhere between 50% and 80% state tax …