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Glad don't think the exception under Section 102 will apply. If the tip is taxable income to the waitress, purely under the principle of Section 61. Municipal bonds issued because of your state is income that that can not be taxed. For the value grows so does your price transfer pricing . By placing a certain percent throughout types of bonds you save you a nice slice of chance out from the tax humans. These types of bonds are easy to get and low chance of losing all of money.

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