Why is it that municipal bonds are not taxed at the federal level, but are taxable across

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Why is it that municipal bonds are not taxed at the federal level, but are taxable across state lines? Why is it that U.S. Treasury bonds are not taxable at the state level? (You may need to dust off the history books for this one.)

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Essentials Of Corporate Finance

ISBN: 9780073405131

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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Question Posted: Apr 24, 2012 06:41 AM

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Why is it that municipal bonds are not taxed at the federal level, but are taxable across

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Essentials Of Corporate Finance

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