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ypsiCPA

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Re: wunderschatz post# 339

Thursday, 09/10/2009 3:53:12 PM

Thursday, September 10, 2009 3:53:12 PM

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Income to determine marginal tax rate includes long-term capital gain.

Joint return with $50,000 interest income and $1,000,000 long-term capital gain:
Marginal tax rate = 35%
Long-term capital gain would be taxed at 15%
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