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Grimm, a student, is in the 4 0 % ordinary income tax bracket. He sold a business - use building for a $ 3 0

Grimm, a student, is in the 40% ordinary income tax bracket. He sold a business-use
building for a $300K gain, where half the gain is unrecaptured 1231, and the other half is
a regular long-term capital gain. Finally, Grimm had municipal bond interest income of
50K. Calculate the Average Tax Rate for Grimm.
 
 

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