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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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Monday, October 27th, 2014

TBD @ Private Event

Thursday, November 6th, 2014

Cutting Edge Tax Planning Developments & Opportunities Future of Financial Planning in the Digital Age @ ACP 2014 Conference

Friday, November 7th, 2014

Setting a Proper Asset Allocation Glidepath in Retirement @ Charles Schwab IMPACT 2014

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