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Old 12-31-2012, 04:25 PM
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What are new tax rate increases as a result of the potential New Tax Law changes in 2013?

Assuming that there is no Congressional action, taxpayers can expect that their tax rates for ordinary income will increase as follows:

Current / 2013 Rates

35.0% –> 39.6%
33.0% –> 36.0%
28.0% –> 31.0%
25.0% –> 28.0%
15.0% –> 15.0%
10.0% –> 15.0%

So, the combined marginal income tax rate and the Medicare contribution tax will be 43.4% high income taxpayers.

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