Perhaps because I view "tax loophole" as having a negative connotation, I wouldn't categorize muni's as a tax loophole. The tax-exempt status for most muni's simply serves as a way for the federal government to help promote local development projects. If muni's weren't tax-exempt, towns and states would have to pay higher interest rates to attract buyers, effectively increasing the cost of every project and probably killing a lot of those projects.
higgmond Wrote:
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> Perhaps because I view "tax loophole" as having a
> negative connotation, I wouldn't categorize muni's
> as a tax loophole. The tax-exempt status for most
> muni's simply serves as a way for the federal
> government to help promote local development
> projects. If muni's weren't tax-exempt, towns and
> states would have to pay higher interest rates to
> attract buyers, effectively increasing the cost of
> every project and probably killing a lot of those
> projects.
+1.
15% Tax on Dividends? LTCG? Limited Partnerships? I dunno, I'm not rich, just some places to start your search.
Jerry: So, we're going to make the post office pay for my new stereo now?
Kramer: It's a write-off for them.
Jerry: How is it a write-off?
Kramer: They just write it off.
Jerry: Write it off what?
Kramer: Jerry, all these big companies, they write off everything.
Jerry: You don't even know what a write-off is.
Kramer: Do you?
Jerry: No, I don't!
Kramer: But they do. And they're the ones writing it off.
NakedPuts Wrote:
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> Jerry: So, we're going to make the post office pay
> for my new stereo now?
> Kramer: It's a write-off for them.
> Jerry: How is it a write-off?
> Kramer: They just write it off.
> Jerry: Write it off what?
> Kramer: Jerry, all these big companies, they
> write off everything.
> Jerry: You don't even know what a write-off
> is.
> Kramer: Do you?
> Jerry: No, I don't!
> Kramer: But they do. And they're the ones
> writing it off.
+1 Absolute classic, its called mail fraud Seinfeld, all you'll have to do is pay a small fine....
Stocks & Blondes Wrote:
-------------------------------------------------------
> NakedPuts Wrote:
> --------------------------------------------------
> -----
> > Jerry: So, we're going to make the post office
> pay
> > for my new stereo now?
> > Kramer: It's a write-off for them.
> > Jerry: How is it a write-off?
> > Kramer: They just write it off.
> > Jerry: Write it off what?
> > Kramer: Jerry, all these big companies,
> they
> > write off everything.
> > Jerry: You don't even know what a write-off
> > is.
> > Kramer: Do you?
> > Jerry: No, I don't!
> > Kramer: But they do. And they're the ones
> > writing it off.
>
>
> +1 Absolute classic, its called mail fraud
> Seinfeld, all you'll have to do is pay a small
> fine....