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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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Wednesday, October 22nd, 2014

Cutting Edge Tax Planning Developments & Opportunities @ NAPFA National

Thursday, October 23rd, 2014

Setting a Proper Asset Allocation Glidepath in Retirement Recent Developments & New Opportunities in Long-Term Care Insurance @ FPA Michigan

Friday, October 24th, 2014

Estate Planning in 2014 & Beyond Best Planning Ideas Panel Session @ MACPA

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