Problem
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?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.