How does that affect your answer as to who benefits

Reference no: EM131431316

Who benefits from the fact that state and municipal bonds are tax-exempt-the buyer of the bond, or the municipality that issues them? a Assume that there are so many individuals in the top income bracket that all of the bonds are purchased by them. What is your answer then? b Assume that the government allows wealthy individuals to borrow to buy tax-exempt bonds. How does that affect your answer as to who benefits?

Reference no: EM131431316

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