Federal income tax exemption of interest on state-local debt


Question: Why is it argued that the federal income tax exemption of interest on state-local debt is an escape from progressivity for the rich? Please explain the arguements for and against this critisism.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Federal income tax exemption of interest on state-local debt
Reference No:- TGS01802630

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)