Re: I-1098: Questions and Answers

#700865

Julie
Member

Clarification: “This measure would tax “adjusted gross income” ABOVE $200,000 (individuals) and $400,000 (joint-filers)”. Let’s not mislead people into thinking they’ll need to pay a percentage on their entire income. If as an individual you make $200,005 AGI, you’ll only pay tax on that last $5.