Key 2014 Tax Information

Item 2014 2013 Change Maximum income tax rate 39.6% 39.6% – Maximum Medicare tax rate 2.35% 2.35% – Social Security employee rate 6.2% 6.2% – Max Dividend/Capital Gain rate 23.8% 23.8% – Personal Exemption $3,950 $3,900 +$50 Standard Deductions Single $6,200 $6,100 +$100 Joint or Qualifying Widow

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Triple Tax: aka The Lottery

  Most everyone enjoys dreaming of winning it big in the lottery. News media outlets publicize the large unclaimed pots of money on the evening news and they put a spotlight on the lucky multi-million dollar winners. Ever wonder what the tax math looks like? The bottom

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