Taxes and Other of Life’s Confusions

I hope this is helpful.   Permanently increase in the marginal tax rates on ordinary income of married couples with taxable income over $450,000 to 39.6% ($400,000 for single filers and heads of households).  The 39.6% rate would have otherwise applied to married couples with taxable income over $250,000.   Permanently set the tax rate at 15% for capital gains and qualified dividends for married individuals with taxable income of less than $450,000, and set the rate at 20% for married individuals with taxable income of more than $450,000.  Note:  this does not affect the 3.8% tax on net investment income for married individuals with adjusted gross incomes over $250,000 which becomes effective in 2013 as part of the Patient Protection Act.      Permanently maintain the all other income tax rates.     Permanently increase the alternative minimum tax exemption to $78,750 for married couples ($50,600 for single and head of household filers), and index the exemption for inflation.       Permanently set the estate tax exemption and gift tax exemption to $5,000,000


Recent Posts

 -

The following is a case we recently won for our client, the Defendant in this case. The case involves Defamation ...
Learn More