5 Rate Changes for Physicians After Bush Tax Cuts Expire
The Bush Tax Cuts have benefited physician practices for the past decade, but now with President Barack Obama's re-election they will likely expire at the end of the year, according to a report in Physician Practice.
For physicians who are married and high income earners with investment assets, the expiration means:
• 28 percent rate will rise to 31 percent
• 33 percent rate will rise to 36 percent
• 35 percent rate will rise to 39.5 percent
• Long term capital gains tax rate will be 20 percent
• Tax rate on all dividend incomes will be at the filer's marginal tax rate
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