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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Friday, September 5th, 2014

Trends & Developments in Long-Term Care Insurance @ Private Event

Tuesday, September 9th, 2014

Setting  Proper Asset Allocation Glidepath in Retirement Social Media for Financial Planners @ FPA Miami

Wednesday, September 10th, 2014

Setting a Proper Asset Allocation Glidepath in Retirement Understanding Safe Withdrawal Rates in Retirement Cutting Edge Tax Planning Developments & Opportunities Applying Behavioral Finance in Your Financial Planning Practice @ FPA East Tennessee

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