4_TAX_RE-increases

Table 10
Description
Current law
Proposed law
Effective date and notes
1
Regular tax rates
2
Top tax rate
37%
39.6%
Effective beginning in 2022* *Four years before the TCJA 37% rate sunsets
3
Top tax bracket breakpoints for 2022 for individuals
$538,475 single
$538,450 HOH
$616,460 MFJ
$400,000 single
$425,000 HOH
$450,000 MFJ
Current law brackets may be adjusted
4
Top tax bracket breakpoints for 2022 for estates and trusts
$13,450
5
Capital gains rates
6
Top tax rate
20%
Regular tax and AMT
25%
Regular tax and AMT
All capital gains realized after Sept. 13, 2021
(aside from those under contract not yet executed)
7
There are no rows in this table

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