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Politics : Politics for Pros- moderated
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To: Bill who wrote (410755)2/15/2011 9:29:10 AM
From: alanrs1 Recommendation  Read Replies (1) of 793575
 
>If you were getting $500 million a year tax free from your muni bonds<

If people don't like what Warren Buffet (or whoever) is paying in taxes the simple solution is to do away with the tax free aspect of muni bonds. Can't have it both ways, set up a special status so that municipalities can get funding and then complain when someone takes you up on the deal. And those municipalities are really just you and me, less funding through the bond market means higher property taxes (or whatever).

There are honest and dishonest people (and degrees of both) in all walks of life, including small business. People find ways to 'even the score', which is probably why the tax collection rate is remarkably steady around 19% no matter where the tax rates are set. Probably some combination of a sense of "fairness" and basic economic necessity.

ARS
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