What people are saying - Write a review
We haven't found any reviews in the usual places.
Gains and Losses from Tax Exemption
Major Objections to Exemption
10 other sections not shown
abolishing exemption abolition of exemption accumulated value aggregate amortized amount assumed average basic yields bond yields bondbuyers bondholder's bonds of different bonds purchased book value callable bonds capital gains tax capital losses cent Committee comparable taxable bonds computed corporate cost of borrowing coupon rate debt decrease economic economic surplus effect eliminate equal expenditures federal bond interest federal government Finance fiscal fully taxable future buyers future issues gain or loss gross tax savings high-income bondholders immunity income sacrificed income tax rates increased investment-in-exemption investors localities marginal tax rate ment Moody's municipal bond income municipal yields NOTES TO CHAPTER obligations ordinary income outright abolition outstanding bonds present holders private subsidies probably Professor Derrick redemption relative yield differentials revenue selling single investment subsidies to high-income supramarginal surtax tax bracket tax-exempt and taxable tax-exempt bonds tax-exempt securities tax-exempt yields taxable income taxable yields taxation taxpayers term to maturity tion Treasury