Capital Gains Rates
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 Combined Rate also accounts for Wisconsin's allowance of a 30% State exclusion of Federally taxable capital gains.
Bracket levels adjusted for inflation each year. Release dates for tax bracket inflation adjustments vary by state and may fall after the end of the applicable tax year. The standard deduction phases out by 12% at $14,800 for single filers and 19.778% at $21,360 for married taxpayers filing jointly. The standard deduction phases out to zero at $100,383 for single filers, $117,477 for joint filers.
Investor's Guidebook to Fractional 1031 Replacement Properties