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1. By the time you add up the state and federal taxes, there is little if any savings vs. munis within your state.
2. The tax savings is determined by the market, not the broker, hence your hand over the tax savings to the broker statement is puerile.
3. If you really are concerned about the taxes that you are paying(both in the past and future), then buy Section 42 tax credits. You can save up to $7750 per year in actual taxes paid in the 31% bracket. These credits are prefunded by Congress and administered by the US Tresury. The credits are given for each program for 10 years in advance.
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