4 ms·
It's not like munis are a gift; they are repaid through taxes on the citizens of the city/county/state. TANSTAAFL.
by greedo 8y ago
It's not like munis are a gift; they are repaid through taxes on the citizens of the city/county/state. TANSTAAFL.
- lisper 8y agoRight, but those citizens are paying less than they otherwise would if the lenders were taxes on the proceeds. That discount could be considered a "gift" from the federal government to both local governments and lenders, whose taxes are lower than they would be if muni income were taxed.
- infinite8s 8y agoYes, and that 'gift' comes in the form of higher nominal taxes for everyone else.