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Eaton Vance California Municipa Message Board

  • trade_2_live trade_2_live Nov 7, 2012 6:24 PM Flag

    Muni Tax Exemption

    Does anyone have any thoughts around the limitation of the tax exemption on municipal bond interest?

    A. Maintain Complete Federal Exemption and increase in value as the result of higher future tax rates.
    B. Capped at 28% as proposed by Obama Tax Reform and decline in value.
    C. Capped at 28% and maintain value.

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Hey Trade -
      How you been? The emperor is definitely coming back for another bite out of the apple so at this point I think it's all up in the air.
      Best -
      Harvey (I've changed my screen name to Garbonzo because some #$%$ sucking little dweb got my contact information and posted it on another board).

      Sentiment: Hold

      • 1 Reply to garbonzo_123
      • Hello Harvey! Sorry so late. I guess I have joined your school of thought and signed up for the good life the last few months, which in my world means: not thinking about money!
        The grim reality is that is a cute thought, so back to salt mine...
        Last Friday, I received the first bit of positive news from a reliable source. It seems that the topic has fallen to the bottom of the agenda with much bigger fish to fry. The chances of a tax code change in our area was minimized via the fiscal cliff compromise, and since then has been further reduced as there has been a cohesive presence of lobbyists on the behalf of cities and municipalities, showing solidarity on the importance of municipal tax exemption. This is going to be an uphill battle and probably not one worth fighting.

        With all that, have a great summer!

        Trade_

 
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