The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent).
The phase-out range for the personal exemption and deduction is $203,850 - $227,050. The exemptions and deductions are completely phased-out at a modified Federal AGI of $227,050.
