3 ms·
The base tax bracket rates you're looking at are based on AGI (adjusted gross income); investment income is _included_ in AGI, so if you have a million dollars
by haikuginger 9y ago
The base tax bracket rates you're looking at are based on AGI (adjusted gross income); investment income is _included_ in AGI, so if you have a million dollars in investment income and one dollar in earned income, your gross income is $1,000,001; your tax rates for both investment income and earned income will be set appropriately.