2006-09-13 13:59:49 · 3 answers · asked by Thomas B 1 in Business & Finance ➔ Investing
Why not? If the democrats gain control of the congress the tax cut will end and people will be bidding up tax exempts like crazy. If not, well, that is money you won't have to pay 35 percent on.
2006-09-13 15:38:28 · answer #1 · answered by Rabbit 7 · 0⤊ 0⤋
I am guessing you are referring to muni bonds, bonds released by city, county and state government. Unless you are in the highest tax bracket, muni bonds are not the best investment when it comes to bonds. Muni bonds tend to be priced at a reduced price as any other bonds because you do not pay any taxes on the interest payments. Because of this, the price is usually adjusted with the highest tax rate in mind (the biggest tax savings).
2006-09-13 15:38:41 · answer #2 · answered by largebones2004 2 · 0⤊ 0⤋
no, the govt will default
2006-09-13 14:38:07 · answer #3 · answered by operator10001 2 · 0⤊ 0⤋