yup. Current equity prices (for stocks that pay dividends) are slightly depressed by the expectation that the owner has to tax on dividends. With greater expectation that the dividend tax will go away (so that after-tax dividend incomes rise), there will be a shift of funds away from non-dividend-paying stocks and bonds of all sorts.
------------------------
Jim Devine jdevine@xxxxxxx & http://bellarmine.lmu.edu/~jdevine
> -----Original Message-----
> From: Michael Perelman [mailto:michael@xxxxxxxxxxxxxxxxx]
> Sent: Tuesday, January 07, 2003 8:32 AM
> To: pen-l@xxxxxxxxxxxxxxxxxxx
> Subject: [PEN-L:33611] taxing dividends
>
>
> Won't the end of the tax make municipal bonds less attractive, hurting
> municipalities?
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail michael@xxxxxxxxxxxxxxxxx
>
>
- [PEN-L:33636] Re: taxing dividends, (continued)
- [PEN-L:33636] Re: taxing dividends, Chris Burford Wed 08 Jan 2003, 08:20 GMT
- [PEN-L:33614] Lula & Brazil, Mohammad Maljoo Tue 07 Jan 2003, 17:03 GMT
- [PEN-L:33615] Re: Lula & Brazil, Michael Perelman Tue 07 Jan 2003, 17:09 GMT
- [PEN-L:33618] Re: Lula & Brazil, Michael Pollak Tue 07 Jan 2003, 18:22 GMT
- [PEN-L:33612] RE: taxing dividends, Devine, James Tue 07 Jan 2003, 16:36 GMT
- [PEN-L:33613] Re: RE: taxing dividends, Michael Perelman Tue 07 Jan 2003, 16:44 GMT
- [PEN-L:33616] RE: taxing dividends, Ellen Frank Tue 07 Jan 2003, 17:12 GMT
- [PEN-L:33621] RE: Re: RE: taxing dividends, Max B. Sawicky Tue 07 Jan 2003, 19:05 GMT
- [PEN-L:33611] taxing dividends, Michael Perelman Tue 07 Jan 2003, 16:32 GMT