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What difficulties as your 'income' tax has established tax brackets each having its own tax rate from 10% to 35% (2009). These rates are put on to your taxable income which is income more than your 'tax free' benefit.

Muni bonds should be owned within your taxable brokerage accounts, and never in your IRA or 401K accounts because income in those accounts is tax-deferred.

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In fact, this column was inspired by an innovative York Times article that ran last week, arguing that generous tipping "is a technique that is guaranteed to keep no influence over your operation." (1) Then why does the person being tipped pay taxing?

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