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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
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S&P National Bond Index
|
3.00% |
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S&P California Bond Index
|
2.96% |
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S&P New York Bond Index
|
3.13% |
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S&P National 0-5 Year Municipal Bond Index
|
0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
|
848.03 |
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S&P U.S. Preferred Stock Index (CAD)
|
636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
|---|
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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Obama Targets Muni Bond Tax Exemption in Plan to Cut Deficit |
Bloomberg - Sept. 19, 2011 - By William Selway
President Barack Obama, in his plan to cut the federal budget deficit, reiterated support for limiting the interest from municipal bonds that top earners can exclude from their taxable income.
The change, first proposed last week to help pay for his $447 billion jobs program, was included in Obama’s recommendations to Congress today to cut $1.5 trillion from the deficit over the next decade. It would limit the value of the tax break for those with incomes above $250,000 -- and individuals earning more than $200,000 -- to no more than 28 percent.
The municipal-bond exemption is currently worth 35 percent for earners in the top tax bracket because that’s the rate they would pay if the bonds were taxable.
The curbs could push up borrowing costs for local governments already coping with fiscal pressure from the after- effects of the recession and a loss of federal stimulus money.
The interest payments on state and local government bonds have been exempt from U.S. income taxes since the levy was first introduced a century ago. Because those earnings are exempt from taxation, investors are willing to accept lower returns. That saves public agencies money on construction projects.
For the complete article.
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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