Federal Tax Treatment of State and Local Securities

by Allan H. Meltzer and David J. Ott

The federal income tax exemption for state and local government securities has been a controversial issue for many years. Opponents of the exemption believe that it is inequitable, reduces risk investment by high-bracket taxpayers, and costs an excessive amount to the federal government. Proponents argue that elimination of the tax exemption would make the cost of borrowing money to many state and local governments prohibitive. The purpose of the...

• Format: Hardcover
• Language: English
• ISBN: 0313223068
• ISBN13: 9780313223068
• Release Date: April 1980
• Publisher: Praeger
• Length: 162 Pages
• Weight: 0.90 lbs.
• Dimensions: 0.5" x 6.0" x 9.0"