Note: The article author is actually a CPA or tax quality. This article is for general information purposes, and will not be construed as tax details. Readers are strongly encouraged to consult their tax professional regarding their personal tax situation. Determine the incidence that you pay on the taxable portion of the bond income. Use last year's tax rate, unless your income has changed substantially. In that , case, you've got estimate what your rate will are. Suppose that you expect to ...