1.   And, unlike Forbes, he believes dividends and interest should be taxed.

2.   At that point, the accumulated interest is taxed as ordinary income.

3.   In a victory for state treasuries, the Supreme Court ruled unanimously Monday that states may tax the interest earned from repurchase agreements involving federal securities.

4.   In another effort to goad people into spending more, the government said last week that it would begin taxing the interest earned on personal savings accounts.

5.   Interest is taxed as ordinary income, but is not due until you redeem the bond.

6.   It also would tax interest on municipal bonds, which would reduce the wealth of anyone who has invested savings in these bonds.

7.   Booked as income, the unpaid interest is taxed.

8.   Interest is taxed.