Monday, March 04, 2013

A crack on the tax-free muni front?

Uh-oh, I'm in agreement with this NYTimes item on ending the tax freedom of muni bonds.  Admittedly, they are only attacking private activity bonds, while I prefer to end all tax exemptions as a matter of fundamental fairness. 

But it's a start.  And it would be vastly simpler than the Obama alternative of trying to cap the tax benefits at 28%. I'm against any tax provisions that can't be calculated without using a computer.

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