Tax increases proposed for wealthy makes tax-exempt bonds attractive

Obama’s proposed budget would increase the tax burden for the wealthy in fiscal 2010 by reinstating the 36% and 39.6% tax rates, imposing a 20% tax rate on cap gains and dividends, and reinstating the limitation on deductions…possibly increasing the demand for tax exempt bonds.  See this article.

Obama Budget Pushes Sweeping Change – WSJ.com.

Advertisements
Tagged with: ,
Posted in Taxes

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: