The chart below details some of the various factors that can impact a taxpayer's marginal tax rate, including both ordinary income tax brackets and the Alternative Minimum Tax (AMT), the tax treatment of long-term capital gains and qualified dividends, the payroll taxes that apply to earned income for wage employees and the self-employed, the new 0.9% (on earned income) and 3.8% (on net investment income) Medicare surtaxes, and the impact of various phaseouts including the Personal Exemption Phaseout (PEP), phaseout of itemized deductions (Pease), and the AMT exemption phaseout.

This chart was originally produced for the November/December issue of The Kitces Report newsletter for subscribers, and has been updated for 2014.

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Saturday, September 20th, 2014

Setting a Proper Asset Allocation Glidepath in Retirement Panel Member @ FPA Experience 2014

Thursday, September 25th, 2014

Should Equities Decline in Retirement, Or Is A Rising Equity Glidepath Actually Best? @ FPA Houston

Tuesday, September 30th, 2014

Future of Financial Planning in the Digital Age Setting a Proper Asset Allocation Glidepath in Retirement @ Society of Financial Service Professionals