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efficient medium barite mobile crusher sell at a loss in leeds

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If you grant then that New York City's monumental prob lems are not likely to prove fatal you may wish to buy some of these bonds for their relatively high tax‐exempt yields. For New York City residents, the tax‐exempt fea ture protects the owner from all three levels of taxes

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market place - the new york times

But first here is the protec tion offered by New York City on its bonds. Alan W. Leeds, director of retail mu nicipal bond sales for L. F. Rothschild & Co., states that all bonds issued by the city have the first call on city rev enues from whatever source

The city's biggest source of revenue is the property tax. Then come the sales tax, the personal income tax and corporate income tax. All these must first be used to meet the city's bond debt be fore they may be used for anything else

What's more, the city is an efficient tax‐collector with few delinquencies. Once a property owner has become delinquent for four years, his property may be sold for taxes and this money is also applied first to any unpaid debt service—just like the other city revenues

market place - the new york times

Mr. Leeds notes that mu nicipal bonds having 15 years and more to run are offer ing the highest returns in 40 years. This includes bonds issued by New York City. He thinks it unlikely that they will decline dramatically in price over the short term. If they did, the yields would be higher still but the holder would take a loss if he were forced to sell them to meet an emergency situation

A non‐resident of the state who is married and earning $28,000 to $32,000 a year would get a tax‐equivalent yield of about 9.84 per cent on a city bond yielding 6 per cent and maturing in seven or eight years. The non‐resi dent single taxpayer would get the same yield if he were earning $14,000 to $16,000

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