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Dear RaifH,
Thank you so much for pointing out the NIIT!
So in another word, the commonly referenced Long-term Capital Gains tax table has become obsolete now in that it should include another bracket for 18.8% for MAGI above $250k (for Married Filling Jointly, below the mark when the 20% rate kicks in).
Please let me know my understanding is incorrect.
Best regards!
‎February 20, 2022
10:09 AM