Template talk:TaxRateTable

Tables
A more complete table from wikipedia:

--Blbarnitz 06:59, 26 December 2017 (EST)

Here is the table for 2018. Source: Tax Rates spreadsheet, "2018 tax rates - consolidated" tab, then excel2wiki converter and some formatting tweaks.

I don't understand how to interpret long-term capital gain rate legalese, so I left the cells blank.

--LadyGeek 20:54, 26 December 2017 (EST)

Based on the information in the sections below (and checking against the final bill), I have created two tables. Consolidating everything into one table will require a lot of supplemental notes. It's much cleaner to create two tables. I think it's important to include rates for trusts and estates, as they are now used for Kiddie tax.

I would like an expert to review these tables.

Experts are requested to review the following two tables:

End of expert table review.

--LadyGeek 16:31, 28 December 2017 (EST)

For the above, the table source is in this Google Drive spreadsheet: Tax Rates spreadsheet, "2018 tax rates - consolidated" tab. I have requested a consensus from the forum members. See --LadyGeek 16:52, 28 December 2017 (EST)

The above table has been revised to incorporate forum discussion comments. --LadyGeek 21:26, 30 December 2017 (EST)

The above tables have been reviewed by forum member bsteiner. I have modified the page content with the new tables. --LadyGeek 19:45, 2 January 2018 (EST)

Mike Piper on H.R. 1 capital gains and qualified dividends
2018 Tax Brackets, Standard Deduction, and Other Changes

''Long-term capital gains and qualified dividends will still have 0%, 15%, and 20% tax rates. The income thresholds separating those different tax rates, however, have changed. For 2018, long-term capital gains and qualified dividends will face the following tax rates:''
 * 0% tax rate if they fall below $77,200 of taxable income if married filing jointly, $51,700 if head of household, or $38,600 if filing as single or married filing separately.
 * 15% tax rate if they fall above the 0% threshold but below $479,000 if married filing jointly, $452,400 if head of household, $425,800 if single, or $239,500 if married filing separately.
 *  20% tax rate if they fall above the 15% threshold.

Note that threshold for the top of the 0% tax rate is close to but not the same as the top of the 12% tax bracket.

''The 3.8% tax on net investment income that can apply if your modified adjusted gross income exceeds $200,000 ($250,000 if married filing jointly) is unchanged. ''

My guess is that the 12% bracket inconsistency will be fixed by the technical revision process.--Blbarnitz 13:36, 27 December 2017 (EST)

Terminology and application

 * The capital gains tax on collectibles is most frequently applicable, in an investment sense. to precious metals investment. The tax is one's marginal tax rate up to a maximum 28%
 * The unrecaptured Section 1250 gain is applicable to investors holding depreciable investment real estate.

''The unrecaptured section 1250 gain is a type of depreciation-recapture income that is realized on the sale of depreciable real estate. Unrecaptured Section 1250 income is taxed at a 25% maximum capital-gains rate, or less in some cases. Unrecaptured Section 1250 gains are only realized when there is a net Section 1231 gain that is not subject to recapture as ordinary income.''

Read more: Unrecaptured Section 1250 Gain, investopedia --Blbarnitz 13:51, 27 December 2017 (EST)

General comments
I would suggest dropping the collectibles/small business stock/Section 1250 gain columns from the table, and leaving them in a footnote ("Capital gains on collectibles and small business stock, as defined in ..., are taxed at the normal tax rate but a maximum of 28%. Unrecaptured Section 1250 gain (depreciated real property) is taxed at the normal tax rate but a maximum of 25%.")  Since this template appears in a lot of places with reference to general tax issues, we don't need to give those two columns the same prominence as the rates which apply to most investors.Grabiner 17:00, 18 November 2018 (UTC)

I believe it is best to have both 2018 and 2019 rates for now, and then delete the 2018 rates from the template in January.Grabiner 17:05, 18 November 2018 (UTC)
 * The 2018 rates are currently not included in linked pages due to the tag at the end of the table. Should the tag be removed? I agree with removal of the lesser used columns. --LadyGeek 19:41, 18 November 2018 (UTC)


 * I wasn't familiar with the tag. I would like to include the 2018 rates for the rest of 2018, just as we include 2018 and 2019 limits for other tax items. Grabiner 20:01, 18 November 2018 (UTC)


 * The tag appears to have been inadvertently copied when the 2019 tables were created. I have removed the extra tag, both tax tables now appear in linked pages as intended. I have also removed the "less popular" columns from the tax tables and added the suggested notes. Please review, as I did not know how to complete your suggested " as defined in ...," for collectibles and left it out. --LadyGeek 20:35, 18 November 2018 (UTC)