The proposed 28% cap on the value of tax exemption would be a far less dangerous threat to the municipal bond community than a top income tax rate of 25%, a former congressional tax counsel said at the American Bar Association's tax-exempt financing committee winter meeting in Orlando, Florida.
Buckley Cautions 28% Cap Is Better Than 25% Tax Rate
JAN 28, 2013 2:50pm ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
the bond buyer conferences
March 26-28, 2014Fontainebleau Miami Beach, Miami Beach, FL
May 1- 2, 2014Hyatt Regency, Baltimore, MD