Ch 16_High income taxpayer issues.xlsx

Ch 16_High income taxpayer issues.xlsx - Unearned Income...

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Unearned Income Medicare Contribution Tax p 528 Net investment income Interest Dividends (qualified and ordinary) Net capital gains (long and short-term) - non-business property Royalties Rental income (loss) Passive income (loss) Tax base Smaller of net investment income or excess of AGI above threshold amount. Threshold Married filing joint 250,000 Married filing separate 125,000 Unmarried 200,000 Tax rate 3.8% MFJ MFJ MFS Net investment income 43,000 ### 43,000 AGI 269,400 309,200 200,000 Threshold Excess 269,400 309,200 200,000 Lower Tax @ 3.8% - - - Investment income Interest and dividends 12,700 Business income - passive ptshp 29,000 CG on sale of securities 11,000 Total net investment income 52,700
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Unearned Income Medicare Contribution Tax p 522 Net investment income Interest Dividends (qualified and ordinary) Net capital gains (long and short-term) - non-business property Royalties Rental income (loss) Passive income (loss) Tax base Smaller of net investment income or excess of AGI above threshold amount. Threshold Married filing joint 250,000 Married filing separate 125,000 Unmarried 200,000 Tax rate 3.8% MFJ MFJ MFS Net investment income 43,000 ### 43,000 AGI 269,400 309,200 200,000 Threshold 250,000 ### 125,000 Excess 19,400 59,200 75,000 Lower 19,400 43,000 43,000 Tax @ 3.8% 737 1,634 1,634 Investment income Interest and dividends 12,700 Business income - passive ptshp 29,000 CG on sale of securities 11,000 Total net investment income 52,700
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AP 16-28 p 539 A Sale price 685,000
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  • Fall '16
  • Doc.Kelein
  • Taxation in the United States, Threshold, Married filing

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