If you are being hit by the AMT and your AMT exemption is being reduced by additional income, your marginal rate is 32.5% or 35% depending if you are in the "26%" or "28%" AMT bracket. Your marginal rate on qualified dividends is 21.5% or 22% respectively. Now you also need to add the .9% additional Medicare tax onto the marginal rate on labor income and also the additional marginal tax on capital if you are a "millionaire" earning more than $.25M.

Anonymous wrote:

Anonymous wrote:my tax bracket is 33%. my effective tax rate was 16%.

what's yours?

Did you have a crapload or qualified capital gains or something? Or muni bonds? Are you single?

33% Marginal rate doesn’t kick in until like $235k taxable for married filing jointly, which suggests about 285-300k gross. At least. And assuming no AMT. ETR of 16% on marginal rate of 33 doesn’t really compute.

Why would you assume everyone here is married filing jointly?

For FY2017, the 33% marginal rate kicks in at $191,651 for single payer, $233,351 for married filing jointly, $116,676 married filing separately or $212,501 for HoH. So it depends on your filing status where it kicks in. You make an odd assumption that everyone here is married filling jointly.

https://www.irs.com/articles/2017-federal-tax-rates-personal-exemptions-and-standard-deductions

For my 2016 return: 28% marginal tax rate. 13.08% effective tax rate per TurboTax.

Anonymous wrote:my tax bracket is 33%. my effective tax rate was 16%.

what's yours?

Did you have a crapload or qualified capital gains or something? Or muni bonds? Are you single?

33% Marginal rate doesn’t kick in until like $235k taxable for married filing jointly, which suggests about 285-300k gross. At least. And assuming no AMT. ETR of 16% on marginal rate of 33 doesn’t really compute.

33% and 22%

25% and 21%

my tax bracket is 33%. my effective tax rate was 16%.

what's yours?