Municipal Bond Yields: Whose Tax Rates Matter?

Examines the New View of yield spreads between taxable and tax-exempt bonds, which argues that personal income taxes are irrelevant to the relationship between interest rates on tax-exempt and taxable bonds. Finds evidence that the implicit tax rate, adjusted for quality differences, is related to statutory personal income tax rates.

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Year of publication:	1988
Authors:	Fortune, Peter
Published in:	National Tax Journal. - National Tax Association - NTA. - Vol. 41.1988, 2, p. 219-33
Publisher:	National Tax Association - NTA

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010788404