Tax Reform and the Market for Tax-Exempt Debt

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ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Tax Reform and the Market for Tax-Exempt Debt by : James M. Poterba

Download or read book Tax Reform and the Market for Tax-Exempt Debt written by James M. Poterba and published by . This book was released on 2002 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides clear evidence that the yield spread between long-term taxable and tax-exempt bonds responds to changes in expected individual tax rates, a finding that refutes theories of municipal bond pricing that focus exclusively on commercial banks or other financial intermediaries. The results support the conclusion that in the two decades prior to 1986, the municipal bond market was segmented, with different investor clienteles at short and long maturities. The Tax Reform Act of 1986 is likely to affect this market, however, since it has restricted tax benefits from tax-exempt bond investment by commercial banks. Individual investors are increasingly important suppliers of capital to states and localities, and their tax rates are likely to be the primary determinant of the yield spread between taxable and tax-exempt interest rates in the future.

Tax Reform and the Market for Tax-exempt Debt

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Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Tax Reform and the Market for Tax-exempt Debt by : James Poterba

Download or read book Tax Reform and the Market for Tax-exempt Debt written by James Poterba and published by . This book was released on 1989 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

General Tax Reform: An alternative to tax-exempt state and local bonds

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Publisher :
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis General Tax Reform: An alternative to tax-exempt state and local bonds by : United States. Congress. House. Committee on Ways and Means

Download or read book General Tax Reform: An alternative to tax-exempt state and local bonds written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1973 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tax Reform and the Market for Tax-exempt Debt

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (62 download)

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Book Synopsis Tax Reform and the Market for Tax-exempt Debt by :

Download or read book Tax Reform and the Market for Tax-exempt Debt written by and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Private Use of Tax-exempt Bonds

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Publisher : University Press of America
ISBN 13 :
Total Pages : 400 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Private Use of Tax-exempt Bonds by : Dennis Zimmerman

Download or read book The Private Use of Tax-exempt Bonds written by Dennis Zimmerman and published by University Press of America. This book was released on 1991 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tax Policy

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ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Tax Policy by : United States. General Accounting Office

Download or read book Tax Policy written by United States. General Accounting Office and published by . This book was released on 1989 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tax Exempt Financing Under the Tax Reform Act

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Publisher :
ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.:/5 (43 download)

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Book Synopsis Tax Exempt Financing Under the Tax Reform Act by :

Download or read book Tax Exempt Financing Under the Tax Reform Act written by and published by . This book was released on 1986 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tax Exempt Financing After the Tax Reform Act

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Publisher :
ISBN 13 :
Total Pages : 210 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Tax Exempt Financing After the Tax Reform Act by :

Download or read book Tax Exempt Financing After the Tax Reform Act written by and published by . This book was released on 1987 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Understanding Tax-exempt Bonds

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Publisher :
ISBN 13 : 9780681421103
Total Pages : 100 pages
Book Rating : 4.4/5 (211 download)

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Book Synopsis Understanding Tax-exempt Bonds by : Phyllis C. Kaufman

Download or read book Understanding Tax-exempt Bonds written by Phyllis C. Kaufman and published by . This book was released on 1986 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tax Exempt Financing

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Publisher :
ISBN 13 :
Total Pages : 492 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Tax Exempt Financing by :

Download or read book Tax Exempt Financing written by and published by . This book was released on 1991 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Technical Information Release

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Publisher :
ISBN 13 :
Total Pages : 194 pages
Book Rating : 4.3/5 (243 download)

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Book Synopsis Technical Information Release by : United States. Internal Revenue Service

Download or read book Technical Information Release written by United States. Internal Revenue Service and published by . This book was released on 1969 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Income Without Taxes

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Publisher :
ISBN 13 :
Total Pages : 275 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Income Without Taxes by : Hildy Richelson

Download or read book Income Without Taxes written by Hildy Richelson and published by . This book was released on 1987 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Expected Future Tax Policy and Tax-Exempt Bond Yields

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (874 download)

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Book Synopsis Expected Future Tax Policy and Tax-Exempt Bond Yields by : James M. Poterba

Download or read book Expected Future Tax Policy and Tax-Exempt Bond Yields written by James M. Poterba and published by . This book was released on 1986 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper tests several competing models of municipal bond market equilibrium. It analyzes the influence of changes in both personal and corporate tax reforms on the yield spread between taxable and tax-exempt interest rates. The findings suggest that changes in personal income tax rates have pronounced effects on long-term municipal interest rates, but small effects on short-maturity yields. Corporate tax reforms, however, affect both long- and short-term yields. These results are inconsistent with the view that the relative yields on taxable and tax-exempt bonds are set by banks and insurance companies which are taxed at the corporate rate. They support the more traditional view that banks are the primary holders of short-term muncipal securities, while households are the principal investors in the long-term municipal market. This view suggests that proposals to reform municipal financing policies by increasing the use of short-term borrowing, or issuing long-term floating-rate debt, could reduce the real cost of municipal borrowing

Summary of Testimony on the Tax Treatment of State and Local Bond Interest

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Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Summary of Testimony on the Tax Treatment of State and Local Bond Interest by : United States. Congress. Joint Committee on Internal Revenue Taxation

Download or read book Summary of Testimony on the Tax Treatment of State and Local Bond Interest written by United States. Congress. Joint Committee on Internal Revenue Taxation and published by . This book was released on 1969 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Relationship Between Government Financial Condition and Expected Tax Rates Reflected in Municipal Bond Yields

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ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis The Relationship Between Government Financial Condition and Expected Tax Rates Reflected in Municipal Bond Yields by : Sangkyun Park

Download or read book The Relationship Between Government Financial Condition and Expected Tax Rates Reflected in Municipal Bond Yields written by Sangkyun Park and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tax Reform Act of 1969

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ISBN 13 :
Total Pages : 436 pages
Book Rating : 4.3/5 (243 download)

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Book Synopsis Tax Reform Act of 1969 by : United States. Congress. Senate. Committee on Finance

Download or read book Tax Reform Act of 1969 written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1969 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tax Reform Act of 1969, H.R. 13270

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ISBN 13 :
Total Pages : 424 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Tax Reform Act of 1969, H.R. 13270 by : United States. Congress. Senate. Committee on Finance

Download or read book Tax Reform Act of 1969, H.R. 13270 written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1969 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: