Taxes, taxes and more taxes….the liberal way Posted By: floppingaces 12/13/2012 12:35:13 PM Flopping Aces, by Curt Original Article
"This week, the Wall Street Journal’s John D. McKinnon and Andrew Ackerman are reporting that House Speaker John Boehner “is willing to consider curbing the tax-exempt status of municipal-bond interest, subject to negotiations with the White House.”
Reality check…the only reason investors buy muni bonds is because of the tax exempt status. They pay less interest than other bonds that are already taxed so if they are gonna tax the muni’s….might as well get the higher interest rate. So what happens then?