Vault Network Boards - Lower tax breaks for municipal bonds

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Author	Topic: Lower tax breaks for municipal bonds - Obama [Locked]
Taliesihne Title: Wind on the Deep Waters Posts: 1,117 Registered: 2004-2-19 04:47:59	Date Posted: 1/1/00 12:00am Subject: Lower tax breaks for municipal bonds - Obama
	_Gronk_ posted: Robert (Taliesihne?) - Boston, Massachusetts Don't worry about it. This thing is DOA. There is no way that any big city democrat mayor is going to go along with this. They are probably offering to teach a course in basic government financing to the White House as we speak. Lying about where I'm living and where I grew up is your cup of tea, not mine. How is Maine these days poseur? -----signature----- Jesus saves, Allah protects, and Cthulhu thinks you'd make a nice sandwich First comes smiles, then lies. Last is gunfire. -Roland Deschain, of Gilead
imaloon1 Posts: 674 Registered: 2003-9-15 07:19:53	Date Posted: 1/1/00 12:00am Subject: Lower tax breaks for municipal bonds - Obama
	theredkay1 posted: paulg_68 posted: Zero taxes on municipal bonds doesn't put extra money in the hands of investors. It just lowers the rate that investors demand on their investment. Back when I was in college I had an internship in the investment division of a major bank. They sold both municipal and corporate bonds. The munies sold for about 4% and the corporate ones were going for about 6%. Without the tax break the municipalities would have been paying the same 6% as corporations. This isn't about getting rich people to pay more. Obama's only goal is to make it more difficult for local governments to borrow money. He wants this because the less local governments can do the more people will have to rely on the federal government. The CBO report says the subsidy lowers the rate and gives money to investors. I think the report says every dollar given up by the Feds, $0.8 lowers the interest rate, $0.2 is extra income for investors. A more efficient way would be for the Feds to borrow and give the money to the state....instead of borrowing and giving 20% of it to investors. The most efficient way would be for the Fed to just have it's own money that it can print debt free and then hand out to the states at 0 interest if it so chooses... You can all thank me later. -----signature----- The time draws nearer to your fate
_Gronk_ Posts: 142 Registered:	Date Posted: 1/1/00 12:00am Subject: Lower tax breaks for municipal bonds - Obama
	I never lived in Maine. I've lived in Boston but never lived in Maine. Only was in Maine for a symposium. We will be in Montreal, and then back to various cities in the US this year for conferences, again. Btw, grats on your new job, Taliesihne. Happy Valentine's Day all!
Ashmaele Title: Pastor of Muppets Posts: 1,809 Registered: 2002-1-15 08:30:50	Date Posted: 1/1/00 12:00am Subject: Lower tax breaks for municipal bonds - Obama
	Dumb focks bitch and moan constantly about OMGZ GUBMINT DEBT and then bitch and moan about any and everything that is proposed to help curb it. Because you're bitches who like to moan. -----signature----- I had a dream. It was an incredible dream. When I awoke, I had a huge mess to clean up.
paulg_68 Posts: 2,469 Registered: 2009-7-27 18:45:54	Date Posted: 1/1/00 12:00am Subject: Lower tax breaks for municipal bonds - Obama
	Funny how "any and everything" never includes spending cuts in your mind. -----signature----- If you wish to make an apple pie from scratch... http://www.youtube.com/watch?v=zSgiXGELjbc "Everyone has a chance to become rich." - Groucho48 "Most of the human wealth on earth exists between the ears of live human beings." - theredkay1
_Gronk_ Posts: 142 Registered:	Date Posted: 1/1/00 12:00am Subject: Lower tax breaks for municipal bonds - Obama
	Ashmaele posted: Because you're bitches who like to moan. Maybe if you made her moan a little bit more she wouldn't have been such a dumblewhore.

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