MuniLand Snaps: May 4

May 4, 2012 investigates an IRS tax loophole that allows illegal immigrants to claim tax credits for their children, who often do not live in the United States.

MuniLand Snaps: May 3

May 3, 2012

The Federal Reserve Bank of Cleveland prepared this simple primer on municipal finances.

MuniLand Snaps: May 2

May 2, 2012

In honor of One World Trade Center becoming the tallest building in New York, EarthCam released a time-lapse movie showing the construction progress from 2004 to 2012.

MuniLand Snaps: May 1

May 1, 2012

Reuters graphic artist Stephen Culp created this excellent map depicting data from the University of Tennessee regarding Amazon’s negotiations with state governments on taxation. Rest assured, every state will eventually collect sales taxes from Amazon.

MuniLand Snaps: April 30

April 30, 2012

Companies are able to retain state income paid by employees in a number of states, says columnist David Cay Johnston in this episode of Reuters Fast Forward. This money, withheld from employee paychecks as state income tax, is retained by companies through deals with the states. Why is this happening, and who really knows about it?

MuniLand Snaps: April 27

April 27, 2012

The Tax Foundation brings us the tax inheritance map and notes that: “Estate taxes are levied on the estate itself prior to transfer; inheritance taxes are levied on the transfer of wealth based on the recipient’s relationship to the decedent. New Jersey and Maryland are notable for having both an estate tax and an inheritance tax.”

MuniLand Snaps: April 26

April 26, 2012

A new retail bond trading platform has been launched by tradeMonster. Welcome!

Good Links

Reuters: U.S. Senate passes legislation to strengthen U.S. Postal Service

Reuters: Senator Baucus wants more uniform muni tax breaks

Learn Bonds: Why Obama could be better than Romney for muniland

NYT: Are for-profit debt collectors operating in non-profit hospitals?

CBPP: House bill would cut Medicaid funding for Puerto Rico by about $5.5 billion through 2019

MuniLand Snaps: April 25

April 25, 2012

Daniel Berger of Thomson Reuters Municipal Market Data sent over this excellent chart showing how yields for 10-year A-rated hospital bonds have narrowed since last October compared with AAA general obligation bonds. Or said more simply: It’s gotten a lot less expensive to issue new bonds for hospitals. That explains why the Bond Buyer reported this today: “At least eight Midwestern health care providers are set to enter the market over the next two weeks, offering more than $1.3 billion of bonds.” Rates go down and issuers come to market. Reuters has a related story that might help explain hospitals hurrying to get new paper into the market.

MuniLand Snaps: April 24

April 24, 2012

Muniland has always been interested in America’s magnificent state capitols. Here is Iowa’s State Capitol in Des Moines.

MuniLand Snaps: April 23

April 23, 2012

The Tax Foundation published this bleak-looking map to show how long taxpayers in each state must work before discharging their local, state and federal tax obligations. Connecticut taxpayers work the latest, until May 5, to pay off the tax collector. New Jersey and New York are tied for second place, working until May 1. Sorry, taxpayers.