Their interest income is except from federal income taxation. The interest income also is exempt from state and local taxation in the issuing state.

市政债券的利息收入不用交纳联邦利息税，利息收入在所发行的州也不用交纳州和地方所得税。

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QUESTION FROM ERIK DONNELLA: Would you explain a little bit about why a federal sales tax is a bad idea, and what the social value is of a graduated income tax and progressive taxation scheme?

埃里克.多内拉的问题：您能否解释一下为什么联邦营业税是个坏主意，以及累进所得税和累进税率方案的社会价值何在？

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Generally, at the federal level, all gross income earned by a citizen, resident, domiciled alien, or domestic corporation is subject to U. S. taxation, no matter where the income is earned.

一般说来，在联邦一级，凡公民、居民、在美国设定住所的外国人或美国公司等挣得的总收入，不问其在何地挣得，均须向联邦纳税。

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Generally, at the federal level, all gross income earned by a citizen, resident, domiciled alien, or domestic corporation is subject to U. S. taxation, no matter where the income is earned.

一般说来，在联邦一级，凡公民、居民、在美国设定住所的外国人或美国公司等挣得的总收入，不问其在何地挣得，均须向联邦纳税。

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