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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
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2.96% |
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S&P New York Bond Index
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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
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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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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DC Council raises income taxes for wealthiest residents; rate is now among nation’s highest |
The Washington Post - Sept. 20, 2011 - By Associated Press
WASHINGTON — After nearly three hours of angry debate, the D.C. Council voted Tuesday to raise income taxes for the district’s wealthiest residents, a last-minute move intended to soften the blow of a previously approved new tax on municipal bonds.
The Council voted 7-6 to hike the tax rate for residents making $350,000 more to 8.95 percent, one of the highest in the country. Presently, all district residents making $40,000 or more are taxed at an 8.5 percent rate.
Proponents said the increase makes the district’s tax rate more progressive, but opponents called it unnecessary and fiscally irresponsible. Only five states — Hawaii, California, Iowa, New Jersey and New York — have higher income tax rates for top earners.
“This Council is out of control. You can’t run a government like this,” said Councilmember Jack Evans, D-Ward 2.
The local tax debate comes in the wake of President Barack Obama’s proposal to raise taxes on the wealthy. But the district, which has had balanced budgets since the late 1990s and benefits from a booming commercial real estate market, is in far better fiscal shape than the federal government.
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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