From the muni bond holders point of view it's a pure good thing.
Reader comment on: Vanguard Cheers Illinois Tax Increase
Submitted by Lyle (United States), Feb 14, 2011 18:21
The state's bonds are now less likely to default. In addition if one lives in IL, buying IL muni bonds is now even more advantaged as they escape the tax in all likelihood. Any muni bond manager would say the same thing, if default risk is reduced from their point of view. Lets see if more IL specific muni bond funds are set up.
Note: Comments are moderated by the editor and are subject to editing.
Other reader comments on this item
|Creditor perspective [22 words]||Andrew Hofer||Feb 17, 2011 17:07|
|⇒ From the muni bond holders point of view it's a pure good thing. [64 words]||Lyle||Feb 14, 2011 18:21|
Comment on this item