tax Archives - Econ70

MUNI BOND TRADE

By Econ70 | 02/07/2011

The AA+/AAA 20-year muni bonds are trading above a 5% yield. That means more than 7% on a tax equivalent basis for top US earners!!!! There have been a grand total of 54 bond defaults in the past 4 decades and not one state default since the Depression. For those concerned over a wave of…

The Biggest Myth

By Econ70 | 01/04/2011

The biggest myth being promulgated today is that the economy must be doing better because state & local government revenues are on the rise. Dude! That’s not the economy! It’s called tax increases. In fact, 23 states have boosted taxes in the past year. Eight have even raised income taxes!