If she buys a U.S. government bond paying 5%, her after-tax rate of return will be less than if she purchased the York County school bond.
If she buys a U.S. government bond paying 5%, her after-tax rate of return = 5 * 65 % = 3.25 % whereas if she purchases the York County school bond, her after-tax rate of return = 3.5 %
A government is a group thru which leaders workout strength to make and put into effect laws. a central authority's fundamental functions are imparting management, preserving order, providing public offerings, offering national protection, offering economic safety, and supplying economic help.
These enumerated powers include, amongst other matters, the energy to levy taxes, adjust commerce, set up a uniform regulation of naturalization, set up federal courts (subordinate to the very best courtroom), set up and maintain a military, and claim conflict.
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