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).
Beginning June 1, 2017, taxpayers cannot claim the personal exemption if their adjusted gross income exceeds $250,000, or $500,000 for those filing jointly.
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