Abstract

This article summarizes phase-outs of and limitations on deductions, credits, exclusions from income, and allowed contributions in 2010 that can cause an individual’s effective marginal tax rate (MTR) to be higher than the individual’s statutory tax rate (STR) (i.e., the individual’s tax rate “bracket” based on taxable income). (This article was completed January 5, 2011 and contains current tax law current as of this date.)

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