Assignment:
Suppose you are a high-tax-bracket taxpayer. How could you take advantage of a situation in which the implicit tax rate on a tax-exempt asset is different from the marginal tax rate on income from a fully taxable asset? What nontax costs exist to limit your ability to take advantage of this arbitrage possibility? Are there any ways to reduce these nontax costs?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.