--- title: "Meaning & Key Takeaway of: Those tax-exempt bonds were put in so…" description: "\"Those tax-exempt bonds were put in so that a town or a state or a government could sell more bonds than it ought to.\" — Will Rogers" image: "https://sms4smile.com/quotes/i/ba0/will-rogers-272_america_those-tax-exempt-bonds-were-put-in-so-th_2358453.jpg" --- # Those tax-exempt bonds were put in so that a town or a… ![“Those tax-exempt bonds were put in so that a town or a state or a government could sell more bonds than it ought to.” quote by Will Rogers](https://sms4smile.com/quotes/i/ba0/will-rogers-272_america_those-tax-exempt-bonds-were-put-in-so-th_2358453.jpg) [Download](https://sms4smile.com/quotes/i/ba0/will-rogers-272_america_those-tax-exempt-bonds-were-put-in-so-th_2358453.jpg) [Open image](https://sms4smile.com/quotes/i/ba0/will-rogers-272_america_those-tax-exempt-bonds-were-put-in-so-th_2358453.jpg) > “Those tax-exempt bonds were put in so that a town or a state or a government could sell more bonds than it ought to.” [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Tax-exempt bonds let governments issue more debt than justified, inflating borrowing capacity. **In simple terms:** Tax‑exempt bonds increase borrowing power. Key Takeaway Watch for hidden debt risks. Themes finance government debt tax policy Mood cautious critical Type political economic When to use this quote - municipal budgeting - state infrastructure projects - investment planning Key Concepts public finance fiscal incentives Questions to Reflect On - How do tax exemptions affect long‑term fiscal health? - What safeguards could limit excess borrowing? A Different Perspective May encourage fiscal irresponsibility if unchecked. ★ ★ ★ ★ ★ No ratings yet [America](https://sms4smile.com/quotes/about/america/) [Bonds Ought](https://sms4smile.com/quotes/about/bonds-ought-5766950/) [Bonds Town](https://sms4smile.com/quotes/about/bonds-town-5766951/) [Exempt Bonds](https://sms4smile.com/quotes/about/exempt-bonds-5766949/) [Government](https://sms4smile.com/quotes/about/government/) [Government Sell](https://sms4smile.com/quotes/about/government-sell-5039628/) [Ought](https://sms4smile.com/quotes/about/ought/) [Politics](https://sms4smile.com/quotes/about/politics/) [Sells](https://sms4smile.com/quotes/about/sells/) [States](https://sms4smile.com/quotes/about/states/) [Tax Exempt](https://sms4smile.com/quotes/about/tax-exempt-449974/) [Taxation](https://sms4smile.com/quotes/about/taxation/) [Taxes](https://sms4smile.com/quotes/about/taxes/) [Towns](https://sms4smile.com/quotes/about/towns/) ## Related quotes > [No government can sell its nation on the backs of its people.](https://sms4smile.com/quotes/fidel-castro/no-government-can-sell-its-nation-on-the-backs-of-its-people/) [Fidel Castro](https://sms4smile.com/quotes/author/fidel-castro/) > [“significant component of the federal law of tax-exempt organizations is the body of”](https://sms4smile.com/quotes/anonymous/significant-component-of-the-federal-law-of-tax-exempt-organizations-3/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [I do believe, sooner rather than later, churches will face the loss of their tax-exempt status if they do not engage in same-sex ceremonies.](https://sms4smile.com/quotes/robert-jeffress/i-do-believe-sooner-rather-than-later-churches-will-face-the-loss-of/) [Robert Jeffress](https://sms4smile.com/quotes/author/robert-jeffress/) > [Congress created tax-exempt 501(c)(4)s to operate exclusively for social welfare purposes like early childhood education, environmental protection, and veteran's assistance. 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To prove that good to the IRS, churches arent supposed to…](https://sms4smile.com/quotes/lawrence-wright/churches-are-tax-exempt-because-they-are-supposed-to-provide-a-public/) [Lawrence Wright](https://sms4smile.com/quotes/author/lawrence-wright/) > [ The tax-exempt privilege is a feature always reflected in the market price of \[municipal\] bonds. The investor pays for it. ](https://sms4smile.com/quotes/louis-d-brandeis/the-tax-exempt-privilege-is-a-feature-always-reflected-in-the-market/) [Louis D. Brandeis](https://sms4smile.com/quotes/author/louis-d-brandeis/) > [That is a terrible situation, isn't it? Where they can say we don't like the way you're speaking about Christianity, about God. We don't…](https://sms4smile.com/quotes/donald-trump/that-is-a-terrible-situation-isn-t-it-where-they-can-say-we-don-t/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [Once money goes into a charity, it is tax exempt, so that's a benefit you get. And in return, you have to use the…](https://sms4smile.com/quotes/david-fahrenthold/once-money-goes-into-a-charity-it-is-tax-exempt-so-that-s-a-benefit/) [David Fahrenthold](https://sms4smile.com/quotes/author/david-fahrenthold/) > [“significant component of the federal law of tax-exempt organizations is the body of tax law concerning the”](https://sms4smile.com/quotes/anonymous/significant-component-of-the-federal-law-of-tax-exempt-organizations-2/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The Citizens United ruling opened the door for tax-exempt social welfare organizations to spend substantial portions of their funds on campaign activities, without having…](https://sms4smile.com/quotes/michelle-lujan-grisham/the-citizens-united-ruling-opened-the-door-for-tax-exempt-social/) [Michelle Lujan Grisham](https://sms4smile.com/quotes/author/michelle-lujan-grisham/) > [Would a President Hillary Clinton and her liberal allies suspend the tax-exempt status of churches deemed 'not friendly' to her administration? It is within…](https://sms4smile.com/quotes/mercedes-schlapp/would-a-president-hillary-clinton-and-her-liberal-allies-suspend-the/) [Mercedes Schlapp](https://sms4smile.com/quotes/author/mercedes-schlapp/) > [What changed their mind was Jimmy Carter's intervention against the Christian schools, trying to deny them tax-exempt status on the basis of so-called de…](https://sms4smile.com/quotes/paul-weyrich/what-changed-their-mind-was-jimmy-carter-s-intervention-against-the/) [Paul Weyrich](https://sms4smile.com/quotes/author/paul-weyrich/) > [“significant component of the federal law of tax-exempt organizations is the body of tax law concerning the conduct and taxation of unrelated trade”](https://sms4smile.com/quotes/anonymous/significant-component-of-the-federal-law-of-tax-exempt-organizations/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) ## More by Will Rogers > [She was so ugly she could make a mule back away from an oat bin.](https://sms4smile.com/quotes/will-rogers/she-was-so-ugly-she-could-make-a-mule-back-away-from-an-oat-bin/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [We are always saying: Let the Law take its Course but what we really mean is: Let the Law take OUR Course.](https://sms4smile.com/quotes/will-rogers/we-are-always-saying-let-the-law-take-its-course-but-what-we-really/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [The Democrats and the Republicans are equally corrupt where money is concerned. 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