Word: taxed
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...energy usage we need to increase, rather than curtail, mass-transit programs. It is understandable that in these tough economic times money has to come from somewhere, but alternative sources do exist. A legislative proposal that is still pending approval by the Massachusetts State Legislature calls for increasing the tax on gasoline sold in the state, a measure that could eliminate the MBTA’s budget deficit. Beyond solving the fiscal problems of the commonwealth, the proposed gas tax also promises to keep more cars off the road...
...debt of municipalities has long been a staple of many investors' portfolios. Financial professionals and their clients have been lured by munis' tax-free status, a history of few defaults and nearly three decades of low single-digit annual returns...
...Unemployment, which hit of rate of 8.5% last month, is higher than it has been in 25 years, and sales taxes are plummeting. Worse, local governments on average get nearly three-quarters of their tax revenue from real estate assessments. Falling property values and rising foreclosures mean that source of revenue is drying up as well. Many local governments have built up reserves anticipating the downturn in the housing market, but Moody's says that might not be enough. "The sharpness of the housing downturn and speed of the general economic contraction will likely test the sufficiency of those reserve...
...Instead, Strumeyer believes investors should compare muni yields to those of high-quality corporate bonds. Recently, Vanguard's Term Tax Exempt fund, a huge muni fund with $21 billion in assets, had an implied yield of about 3%, according to Regent Atlantic's Cordaro. A similar corporate bond fund, BlackRock Intermediate Bond II, had yield of 8.5%. Even assuming a 35% tax bracket, the corporate bond fund is yielding nearly double the muni fund...
...it’s also true that my former congressman, Jim Leach, was one of only six Republicans in the House to vote against authorizing the war in Iraq and the only one to vote against Bush’s 2003 tax cut; despite these moderate views, he lost my district to a Democrat in 2006. That Democrat, Dave Loebsack, now sits in the Congressional Progressive Caucus alongside Barney Frank ’ 62 and Bernie Sanders. Iowa also gave Barack Obama his first victory of the primary cycle, silencing those who insisted that an African-American candidate couldn?...