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- W2024337986 abstract "Research on the impact of marginal tax changes on bondholder wealth focuses on changes along a given tax schedule. In this paper the valuation consequences of changing the tax schedule are analyzed. Although previous researchers show that the price of all discount bonds falls if the marginal ordinary income tax rate increases along a tax schedule, it is found that this result holds only under specific conditions when the tax schedule changes. Various comparative statics are discussed." @default.
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- W2024337986 date "1991-09-01" @default.
- W2024337986 modified "2023-09-27" @default.
- W2024337986 title "TAX SCHEDULE CHANGES AND DISCOUNT BOND PRICES" @default.
- W2024337986 cites W1981747144 @default.
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- W2024337986 doi "https://doi.org/10.1111/j.1475-6803.1991.tb00662.x" @default.
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