标题: Lv 3. Port Management Question ! Tax consideration for Endowment [打印本页]

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作者: suepig    时间: 2009-3-7 13:49     标题: Lv 3. Port Management Question ! Tax consideration for Endowment

ScheweserNotes Book2, Page 168.
Tax Consideration for Endowment,

If endowment income is tax-exempt, why tax-exempt bonds are not appropriate investment vehicles?

Thanks

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作者: alascool    时间: 2009-3-29 16:29

now that any profit generated by endownment is tax-exempt, then why bother to invest in tax-exempt bonds?

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