Marginal Tax Rates: Evidence from Nontaxable Corporate Bonds: A Note

David R. Peterson · Pamela Parrish Peterson

29 citations0/0 files storedThe Journal of Finance

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Corporate Taxation and Avoidance Financial Markets and Investment Strategies Economic and Fiscal Studies

Abstract

ABSTRACT This study offers an alternative method of calculating marginal personal tax rates through the pairing of nontaxable (industrial development and pollution control) and taxable corporate bonds. This procedure is shown to produce matched bond pairs that are comparable. Two hundred pairs of bonds are examined from the second quarter of 1973 through the second quarter of 1983. Testing of the marginal tax rate relationships indicates that the marginal personal tax rate is less than the corporate statutory tax rate.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 29 citations exist upstream.

References

1977DEBT AND TAXES*1981How taxes affect economic behavior 1982The Pricing of Tax-Exempt Bonds and the Miller Hypothesis 1983Banks, firms and the relative pricing of tax-exempt and taxable bonds

Cited by

2009Municipal Debt and Marginal Tax Rates: Is there a Tax Premium in Asset Prices?2019Profits, financial leverage and corporate governance 1990Tax Clienteles and Optimal Capital Structure Under Uncertainty

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.