Zoho Sheet

Money Market Fund: After Tax, After Inflation
Copyright: The Finance Buff

Assumptions
Marginal Tax Rate	15%				This spreadsheet calculates the after-tax, after-inflation return of a
					money market fund. For more info, see
					Breaking The Buck Is Not a Big Deal
Calculations
Year	Return Before Tax (1)	Return After Tax	Inflation (2)	Return After Tax, After Inflation
2007	5.14%	4.37%	4.08%	0.28%
2006	4.88%	4.15%	2.54%	1.57%
2005	3.01%	2.56%	3.42%	-0.83%
2004	1.11%	0.94%	3.26%	-2.24%
2003	0.90%	0.77%	1.88%	-1.09%
2002	1.65%	1.40%	2.38%	-0.95%
2001	4.17%	3.54%	1.55%	1.96%
2000	6.29%	5.35%	3.39%	1.89%
1999	5.01%	4.26%	2.68%	1.54%
1998	5.38%	4.57%	1.61%	2.92%
1997	5.44%	4.62%	1.70%	2.88%
1996	5.29%	4.50%	3.32%	1.14%
1995	5.82%	4.95%	2.54%	2.35%
1994	4.08%	3.47%	2.67%	0.78%
1993	3.01%	2.56%	2.75%	-0.19%

(1) Vanguard Prime Money Market Fund. Source: Vanguard.com
(2) Consumer Price Index. Source: Bureau of Labor Statistics.

Sheet1