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Hi, Mike9241,

 

My cap gains were already more than enough to get the 20% treatment.

And if some other income/deduction interaction is the culprit, I doubt that would result in exactly 37.0% marginal tax, vs the 35% I think it should be.

 

I get the same result when I add non-investment income (e.g., non-penalty IRA withdrawal) -- 37.0% additional tax (before other taxes/penalties). My AGI is $100K below the 37% bracket floor.