Year End Transactions

As we have all been reading in the press, Federal tax rates are scheduled to increase in 2013 across the board. Among the more significant scheduled changes are:

  • An increase in the long-term capital gains rate for non-corporate taxpayers from 15% to 20%
  • An increase in the rate applicable to “qualified dividends” of non-corporate taxpayers from 15% to 39.6%
  • A Medicare tax of 3.8% on certain investment type income, bringing those total Federal tax rates to 23.8% and 43.4%, respectively.
  • An increase in top rates generally from 35% to 39.6% (exclusive of the Medicare tax).
  • Significant estate and gift tax increases.

Read more at Lexology…

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