Wednesday, April 1, 2015

And don't forget...


An advantage of investing in 10-year Treasury notes, and other federal government securities, is that the interest payments are exempt from state and local income tax.

So I want to say what, here? The larger the Federal debt...

The larger the Federal debt, the larger is the pool of funds that are exempt from state and local tax. This financial sector untaxable, the tax burden shifts to the productive sector.

No comments: