Changes in the municipal bond market and potential tax reforms following US election results
- 1California is considering a billionaire tax, a one-time 5% levy on the wealth of certain taxpayers with assets over $1 billion.
- 2Florida will vote on a proposal to increase the homestead exemption for non-school district property taxes from $25,000 to $150,000 by 2027.
- 3The volume of municipal bonds issued through September reached $473.8 billion, an increase of approximately 7.8% compared to the same period last year.
So what's the key point?
California is looking into ways to collect more taxes from wealthy individuals, and Florida aims to increase tax benefits related to homes. The volume of municipal bond issuances has grown by 7.8% since last year.
Source CNBC +3 · View original ↗
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