Do Tax-Exempt Bonds Really Subsidize Municipal Capital?
收藏NBER1991-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3835
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资源简介：
We argue that the tax-exempt status of municipal bonds provides little or no subsidy to capital investment by communities. Instead, the tax exemption simply provides arbitrage opportunities to high and low tax bracket individuals while leaving individuals in intermediate tax brackets essentially
提供机构：
美国国家经济研究局
创建时间：
1991-09-01
