This document provides information about 2015 income tax rates for single individuals, married filing jointly/separately, head of household, trusts and estates, and corporations. It also includes information about capital gains tax rates, the additional Medicare tax on investment income, standard deductions, personal exemptions, Social Security earnings limits and taxation of Social Security benefits.

1. The 2015 Tax Planning & Reference Guide is designed as a reference and is not intended to function as tax advice. Please consult
your professional accounting advisor prior to acting on any information provided in this Guide. Securities and advisory services
offered by Davenport & Company LLC Member: NYSE | FINRA | SIPC
David Dunwody
Investment Executive
Office: (434)245-1548
Cell: (540)718-7212
ddunwody@investdavenport.com
2015Tax Planning & Reference Guide
Davenport & Company LLC | 600 E Water Street Charlottesville, VA 22902 | investdavenport.com

2. 1
2015 Income Tax Rates
Single Individuals
Taxable Income: Your Tax Is:
Above To Tax Rate on Excess
0 9,225 10% of taxable income N/A
9,225 37,450 923 plus 15% over 9,225
37,450 90,750 5,156 plus 25% over 37,450
90,750 189,300 18,481 plus 28% over 90,750
189,300 411,500 46,075 plus 33% over 189,300
411,500 413,200 119,401 plus 35% over 411,500
413,200 --- 119,996 plus 39.6% over 413,200
$ $
$ $
Married Filing Jointly
Taxable Income: Your Tax Is:
Above To Tax Rate on Excess
0 18,450 10% of taxable income N/A
18,450 74,900 1,845 plus 15% over 18,450
74,900 151,200 10,313 plus 25% over 74,900
151,200 230,450 29,388 plus 28% over 151,200
230,450 411,500 51,578 plus 33% over 230,450
411,500 464,850 111,324 plus 35% over 411,500
464,850 --- 129,997 plus 39.6% over 464,850
$ $
$ $
Married Filing Separately
Taxable Income: Your Tax Is:
Above To Tax Rate on Excess
0 9,225 10% of taxable income N/A
9,225 37,450 923 plus 15% over 9,225
37,450 75,600 5,156 plus 25% over 37,450
75,600 115,225 14,694 plus 28% over 75,600
115,225 205,750 25,789 plus 33% over 115,225
205,750 232,425 55,662 plus 35% over 205,750
232,425 --- 64,989 plus 39.6% over 232,425
$ $
$ $

3. 2
2015 Income Tax Rates
** For domestic corporations other than qualified personal service corporations.
A qualified personal service corporation [as defined in Code Sec. 448(d)(2)] is taxed at a flat 35% of its taxable income.
Head of Household
Taxable Income: Your Tax Is:
Above To Tax Rate on Excess
0 13,150 10% of taxable income N/A
13,150 50,200 1,315 plus 15% over 13,150
50,200 129,600 6,873 plus 25% over 50,200
129,600 209,850 26,723 plus 28% over 129,600
209,850 411,500 49,193 plus 33% over 209,850
411,500 439,000 115,737 plus 35% over 411,500
439,000 --- 125,362 plus 39.6% over 439,000
$ $
$ $
Trusts and Estates
Taxable Income: Your Tax Is:
Above To Tax Rate on Excess
0 2,500 15% of taxable income N/A
2,500 5,900 375 plus 25% over 2,500
5,900 9,050 1,225 plus 28% over 5,900
9,050 12,300 2,107 plus 33% over 9,050
12,300 --- 3,180 plus 39.6% over 12,300
$ $
$ $
Corporate**
Taxable Income: Your Tax Is:
Above To Tax Rate on Excess
0 50,000 15% of taxable income N/A
50,000 75,000 7,500 plus 25% over 50,000
75,000 100,000 13,750 plus 34% over 75,000
100,000 335,000 22,250 plus 39% over 100,000
335,000 10,000,000 113,900 plus 34% over 335,000
10,000,000 15,000,000 3,400,000 plus 35% over 10,000,000
15,000,000 18,333,333 5,150,000 plus 38% over 15,000,000
18,333,333 --- 6,416,666 plus 35% over 18,333,333
$ $
$ $

4. 3
IF your net capital gain1
is from: THEN your 2015 capital gain rate is
2
:
0%
4
15%
4
20%
5
Collectibles gain 28%
Gain on qualified small business stock after
the section 1202 exclusion
28%
Unrecaptured section 1250 gain 25%
Unearned Income Tax Rates
Maximum Long-Term Capital Gain Tax
Qualified Dividends
Defined as those received from domestic and qualified foreign corporations (with some exceptions
such as stock holding period, consult your tax advisor to determine which dividends qualify), and will
be taxed as follows for 2015 and subsequent years: 0% for taxpayers in the 10% and 15% tax brackets;
15% for taxpayers in the 25% through 35% tax brackets; and 20% for taxpayers in the 39.6% tax bracket.
Any amount that the taxpayer elects to treat as investment income to support an investment interest
deduction (e.g. margin interest) is not considered qualified dividend income.
In 2015, higher income taxpayers with adjusted gross income (AGI) in excess of the following
thresholds may experience reductions to allowable itemized deductions and a phase-out of personal
exemptions: $309,900 for married filing jointly or surviving spouse; $154,950 for married filing
separately; $284,050 for head of household; $258,250 for single.
Additional Tax on Unearned (Investment) Income
For 2015 and subsequent years, a 3.8% “surtax” (Unearned Income Medicare Contribution Tax) will
apply to the lesser of a taxpayer’s net investment income (generally interest, dividends, capital gains,
annuity income, rents, royalties, and passive business income, less allowable investment expenses) or
the amount the taxpayer’s modified adjusted gross income exceeds the applicable threshold: $250,000
for married filing jointly or surviving spouse; $125,000 for married filing separately; $200,000 for all
other filing categories.
Standard Deductions & Personal Exemption
Standard Deductions*
Single ................................................................................................................................................................................................... $ 6,300
Head of Household ....................................................................................................................................................................... 9,250
Married filing separately ................................................................................................................................................................................... 6,300
Married filing jointly ...................................................................................................................................................................... 12,600
Personal Exemption........................................................................................................................................................... $ 4,000
Limitations on Itemized Deductions and Phase-out of Personal Exemptions
1.“Net Capital Gain” is the amount by which your net long-term capital gain for the year is more than your net short-term capital loss.
2. Rates presented do not reflect the potential impact of the additional tax on unearned income.
3.“Other Gains” means any gain that is not collectibles gain, gain on qualified small business stock, or unrecaptured section 1250 gain.
4. Current rates have been extended as a result of the American Taxpayer Relief Act of 2012.
5. 20% maximum rate as a result of the American Taxpayer relief Act of 2012.
*Additional standard deductions of $1,550 are available for taxpayers who are age 65 and older and for taxpayers who are blind.
The additional deduction amount for married taxpayers or a surviving spouse is $1,200.
Other gains
3
(i.e. stocks, bonds, etc.), and the
regular tax rate that would apply is above 15% and below
39.6%
2015
Other gains3
, and the regular tax rate that would apply is
15% or lower
Other gains
3
, and the regular tax rate that would apply is
39.6%
› Allowable itemized deductions will be reduced by 3% of the amount that the taxpayer’s AGI exceeds the applicable threshold, with
a maximum reduction equal to 80% of total itemized deductions.
› Total personal exemptions will be reduced by 2% for each increment of $2,500 (or portion thereof) that AGI exceeds the applicable
threshold. For married taxpayers filing separate returns, the reduction is 2% for each increment of $1,250 (or portion thereof) that AGI
exceeds $154,950. Personal exemptions would be totally phased-out at AGIs of $432,400 for married filing jointly, $216,200 for married
filing separately, $406,550 for head of household, and $380,750 for single.

5. 4
Social Security
Full Retirement Age
Year of Birth*
Social Security
Full Retirement Age
for Surviving Spouse
66 1945-54 66
66 and 2 months 1955 66
66 and 4 months 1956 66
66 and 6 months 1957 66 and 2 months
66 and 8 months 1958 66 and 4 months
66 and 10 months 1959 66 and 6 months
67 1960 66 and 8 months
67 1961 66 and 10 months
*Individuals born on January 1st of any year should refer to the full retirement age for the previous year.
** The maximum Social Security benefit in 2015 for a worker at full retirement age is $2,685.50/month or $32,226/per year.
Social Security Annual Earnings Limits
FICA (Social Security & Medicare) Tax
Self-Employment Tax
Taxation of Social Security Retirement Benefits
Individuals are eligible to receive permanently reduced Social Security retirement benefits between
age 62 and their applicable full retirement age. Retirement benefits may be further reduced in
years that an individual’s earned income exceeds annual earning limits until the individual reaches
full retirement age. For those receiving benefits before their full retirement age, $1 in benefits
will be deducted for each $2 earned above the annual limit. In 2015, this limit is $15,720. In the
year that full retirement age is reached, $1 in benefits will be deducted for each $3 earned above
the 2015 limit of $41,880. This limit applies only to the months prior to the month in which full
retirement age is reached. After full retirement age is attained, full benefits can be received with
no limit on earnings.
› FICA (Federal Insurance Contribution Act) Tax
For 2015, a tax is imposed on an employee’s compensation at a rate of 7.65%, which is a
combination of a 6.20% Old Age, Survivors, and Disability Insurance Tax (OASDI) and a 1.45%
Medicare Tax. For 2015, the OASDI Tax is computed on the first $118,500 of compensation/earned
income. The maximum employee OASDI Tax liability for 2015 is $7,347.00 (6.20% of $118,500).
The 2.90% Medicare Tax is computed on the taxpayer’s entire compensation with no cap.
In 2015, higher income taxpayers with earned income above the following thresholds will pay
an additional Hospital Insurance Tax (Medicare) at a rate of 0.9% on earned income above the
threshold amount: $250,000 for married filing jointly; $125,000 for married filing separately;
$200,000 for all other filing categories.
Under current law, Social Security recipients may be subject to federal (and possibly state)
income tax on 85% of their annual Social Security income. For taxpayers with “provisional” income
(Adjusted Gross Income, excluding Social Security benefits, plus tax-exempt interest, plus 50% of
Social Security benefits) less than $25,000 ($32,000 for married tax payers filing jointly), Social
Security benefits are income tax free. For taxpayers with provisional income between $25,000
and $34,000 ($32,000 and $44,000 for married taxpayers filing jointly) up to 50% of Social
Security benefits may be subject to income tax. For taxpayers with provisional income in excess
of $34,000 ($44,000 for married taxpayers filing jointly) up to 85% of Social Security benefits
may be subject to income tax.
For 2015, a tax is imposed on self-employed individuals at a rate of 15.30%, which is a combination
of a 12.40% Old Age, Survivors, and Disability Insurance Tax (OASDI) and a 2.90% Medicare Tax.
For 2015, the OASDI Tax is computed on the first $118,500 of self-employment income/earned
income. The maximum self-employed OASDI Tax liability for 2015 is $14,694.00 (12.40% of
$118,500). The 2.90% Medicare Tax is computed on the taxpayer’s entire self-employment income
with no cap.
› Additional Medicare Tax

6. Year Maximum Contribution* Catch-Up Age 50+*
2015 $5,500 (will continue to be indexed) $1,000
Your Filing Status is
Full Contribution if
Modified AGI is
Modified AGI
Phase-Out Range*
No Contribution if
Modified AGI is
Single or Head of
Household
$116,000 or less
Between $116,000
and $131000
$131,000 or more
Married Filing Jointly or
Qualifying Widow(er)
$183,000 or less
Between $183,000
and $193,000
$193,000 or more
Married Filing Separately $0 Between $0 and $10,000 $10,000 or more
5
If You ARE Covered by a Retirement Plan at Work
Your Filing Status is
Full Deduction if
Modified AGI is
Modified AGI
Phase-Out Range*
No Deduction if
Modified AGI is
Single or Head of
Household
$61,000 or less
Between $61,000
and $71,000
$71,000 or more
Married Filing Jointly or
Qualifying Widow(er)
$98,000 or less
Between $98,000
and $118,000
$118,000 or more
Married Filing Separately $0 Between $0 and $10,000 $10,000 or more
If You ARE NOT Covered by a Retirement Plan at Work
Your Filing Status is
Full Deduction if
Modified AGI is
Modified AGI
Phase-Out Range*
No Deduction if
Modified AGI is
Single, Head of Household
or Qualifying Widow(er)
Any Amount N/A N/A
Married Filing Jointly or
Separately with a spouse
who is not covered
by a plan at work**
Any Amount N/A N/A
Married Filing Jointly with
a spouse who is covered
by a plan at work**
$183,000 or less
Between $183,000
and $193,000
$193,000 or more
Married Filing Separately
with a spouse who is
covered by a plan at work
$0 Between $0 and $10,000 $10,000 or more
*The maximum contribution amount equals the lesser of $5,500/$6,500 or total earned income.
*If the individual’s modified Adjusted Gross Income (AGI) for a taxable year is in the phase-out range, the maximum deduction
for that taxable year is rounded up to the next multiple of $10 and is not reduced below $200.
** Spousal IRA Contribution - Deductibility is controlled by status of the spouse with earned income/greater earned income.
Roth IRA Contribution Phase-Out
Traditional IRA & Roth IRA Contribution Limits
2015 Required Minimum Distribution Rules
Traditional IRA Contribution Phase-Out
Individuals over age 70 ½ generally must take Required Minimum Distributions (RMDs) from IRAs
and qualified retirement plans. The provision for direct transfers to charity from an IRA expired
on 12/31/2014 and had not been extended to 2015 at the time this document was published.
*If the Individual’s modified Adjusted Gross Income (AGI) for taxable year is in the phase-out range, the maximum regular
contribution for the taxable year is rounded up to the next multiple of $10 and is not reduced below $200.

7. 6
Traditional IRA to Roth IRA Conversion
SEP IRA Plans
Year Maximum Deferral Catch-Up Age 50+
2015 $12,500 (will continue to be indexed) $3,000
401(k)*, 403(b)*, and 457* Salary Deferral Limits
SIMPLE IRA* Deferral Limits
Year Maximum Employee Deferral Catch-Up Age 50+
2015 $18,000 (will continue to be indexed) $6,000
Employer-Sponsored Retirement Plans
• The 2015 maximum contribution limit is the lesser of 25% of compensation* or $53,000.
• Minimum compensation for plan eligibility is $600 in 2015.
• Contributions may be made into a SEP plan through the filing date of employer’s tax return,
including extensions.
*Compensation is limited to $265,000 in 2015.
Kiddie Tax
The Kiddie Tax rules apply to the unearned income of dependent individuals under age 19 and
all dependent, full-time students under age 24. In 2015, the child’s first $1,050 of unearned
income is not taxed. The next $1,050 of unearned income is taxed at the child’s tax rate. The
child’s unearned income in excess of $2,100 is taxed at the parents’ highest tax rate.
Annual Gift Tax Exclusion
The annual gift tax exclusion for 2015 is $14,000. Direct payments of educational or medical
costs do not count against the annual gift tax exclusion.
There is a special provision that allows a contributor to accelerate five years of gifting when
funding a 529 College Savings Plan on behalf of a beneficiary. For example, an individual
currently may contribute as much as $70,000 ($140,000 for a married couple) in a given year
to a 529 Plan, instead of waiting to contribute $14,000 in each of five years. This uses the
individual’s annual gifting exclusion to that beneficiary for five years.
• There are no Adjusted Gross Income limits on the conversion of IRA and qualified plan assets
to a Roth.
• Any amount in a SEP or SIMPLE IRA may also be converted to a Roth IRA; however, a
conversion from a SIMPLE IRA may be made only after the 2-year period beginning on
the date the individual first participated in any SIMPLE IRA maintained by the individual’s
employer.
• The conversion is subject to income tax in the year of the conversion (reported on Form 8606),
but is not subject to the 10% premature distribution penalty.
• Intra-plan Roth conversions from vested tax deferred balances are available within qualified
retirement plans (401(k), 403(b), 457) that provide a Roth option, when allowed by the plan’s
controlling document.
*The Maximum combined employee/employer contribution is $53,000; $59,000 with a catch-up contribution.
*Generally, employers must either match employee contributions dollar-for-dollar up to 3% of the employee’s
compensation or make a contribution of 2% of compensation for all eligible employees, whether participating or not.

8. 7
Funding Source/
Benefit
Benefit Annual Limits Qualified Expenses
Coverdell Education
Savings Accounts1
- Earnings are not taxed
- Tax-free withdrawals
for qualified expenses
Maximum 2015 contribution is
$2,000 (generally contributions
may be made until the
beneficiary turns 18)2
- Tuition & mandatory fees
- Books, supplies,
xequipment
- Room & board if at least
half-time student
- Payments to 529 Plans
529 College
Savings Plans1
- Earnings are not taxed
- Tax-free withdrawals
xfor qualified expenses
- Possible state income
tax deduction (VA not
NC)
Maximum contribution is deter-
mined by each state’s plan.3
VA: $350,000; NC: $410,000
- Tuition & mandatory fees
- Books, supplies,
xequipment
- Room & board if at least
half-time student
Traditional, Roth, SEP,
and SIMPLE IRAs4
No 10% premature
distribution penalty
if used for qualifying
expenses
N/A2
- Tuition & mandatory fees
- Books, supplies,
xequipment
- Room & board if at least
half-time student
Education Savings
Bond Program1
Interest used for qualified
expenses is not taxed
N/A
- Tuition & mandatory fees
- Payments to 529 Plans &
Coverdell ESAs
Student Loan
Interest
Interest is tax deductible
Maximum deduction is $2,500
per year
N/A
Hope Scholarship
Credit/American
Opportunity Credit5
Credits directly offset the
amount of federal tax
due
Maximum credit is $2,500
per student
Tuition & mandatory fees
Books, supplies, equipment
Lifetime Learning
Credit
Maximum credit is $2,000
per family
Tuition & mandatory fees
Education Funding
1. Any non-taxable withdrawal is limited to the amount of qualifying education expenses.
2. Income limits apply at the time of contribution. They are not relevant for withdrawals.
3. Contributions are subject to federal gift tax rules.
4. Normal income tax rules apply on withdrawals.
5. Current rules have been extended through 2017 by the American Taxpayer Relief Act of 2012.

9. 8
Funding Source/
Benefit
Qualified Education Other Conditions Income Phase-Out
Coverdell Education
Savings Accounts1
Grades K-12 and all
undergraduate and
graduate
- Can contribute to
Coverdell ESA and 529
Plan in the same year
- Must withdraw
assets by age 30
Single: $95,000-$110,000
Joint: $190,000-$220,000
529 College
Savings Plans1
All undergraduate
and graduate
- Distributions are excluded
from gross income
- Hope and Lifetime Learning
Credits are permitted in the
same year but not for the
same expenses
No Phase-Out
Traditional, Roth, SEP,
and SIMPLE IRAs2
N/A No Phase-Out3
Education Savings Bond
Program1
Applies only to qualified series
EE bonds issued after 1989 and
all series I bonds
Single: $77,200-$92,200
Joint:$115,750-$145,750
Student Loan Interest
Must have been at least
half-time student in
a degree program
Single: $65,000-$80,000
Joint: $130,000-$160,000
Hope Scholarship
Credit/American
Opportunity Credit4
1st 4 years of undergraduate
-Can be claimed only for 4 years
-Must be enrolled at least
half-time in a degree program
Single: $80,000-$90,000
Joint: $160,000-$180,000
Lifetime Learning Credit
All post-secondary education
when Hope Credit is
unavailable
N/A
Single: $55,000-$65,000
Joint:$110,000-$130,000
Education Funding
1. Any non-taxable withdrawal is limited to the amount of qualifying education expenses.
2. Normal income tax rules apply on withdrawals.
3. Income limits apply at the time of contribution. They are not relevant for withdrawals.
4. Current rules have been extended through 2017 by the American Taxpayer Relief Act of 2012.

10. 9
Gift & Estate Taxes
The estate tax is imposed on the decedent’s taxable estate (gross estate less deductions).
The gift tax is based on the cumulative value of current and prior gifts (after a specified
exclusion). For individuals dying and gifts made after 12/31/2014, the unified gift and estate
tax rate schedule is as follows:
For gifts made in 2015, the annual exclusion amount is $14,000. For larger “taxable” gifts made
during 2015, the credit against the gift tax imposed on U.S. citizens or residents effectively
exempts the first $5,430,000 of cumulative transfers from federal gift and Generation Skipping
Taxes (GST). Assets gifted have a “carry-over” cost basis equal to the lesser of the original
owner’s basis or the market value on the date of the gift.
The credit (referred to as an exclusion) for estates of individuals dying in 2015 effectively
exempts $5,430,000 from estate and Generation Skipping Taxation. Assets in an estate
acquire a cost basis equal to the value on the date of estate valuation, often referred to as a
“stepped-up” basis.
For 2015 and subsequent years, the estate and gift tax exclusion has been made “portable,”
meaning the estate of a deceased spouse can elect to make any unused portion of the
deceased spouse’s exclusion available to the surviving spouse to be used during his or her
lifetime or at death.
2015 Unified Rate Schedule
(A) (B) (C) (D)
Amount subject to tentative tax
Exceeding Not Exceeding
Tax on
amount in
column A
Tax Rate on
excess over
amounts in
column A
$ 0 $ 10,000 $ 0 18%
10,000 20,000 1,800 20%
20,000 40,000 3,800 22%
40,000 60,000 8,200 24%
60,000 80,000 13,000 26%
80,000 100,000 18,200 28%
100,000 150,000 23,800 30%
150,000 250,000 38,800 32%
250,000 500,000 70,800 34%
500,000 750,000 155,800 37%
750,000 1,000,000
248,300 39%
1,000,000 --- 345,800
40%

11. 10
Long-Term Care Premium Deduction
2015 Medicare Part B Premium Costs
Single Married
2013 MAGI was: Part B Part D 2013 MAGI was: Part B Part D
> than < than
Monthly
Premium
Monthly
Surcharge > than < than
Monthly
Premium
Monthly
Surcharge
$0 $85,000 $104.90 $0 $0 $170,000 $104.90 $0
$85,000 $107,000 $146.90 $12.10 $170,000 $214,000 $146.90 $12.10
$107,000 $160,000 $209.80 $31.10 $214,000 $320,000 $209.80 $31.10
$160,000 $214,000 $272.70 $50.20 $320,000 $428,000 $272.70 $50.20
$214,000 - $335.70 $69.30 $428,000 - $335.70 $69.30
Generally, a C corporation may deduct, as a business expense, all qualified long-term care
premiums paid for employees, their spouses and dependents without application of the
above limits. Such payments are not included as imputed income to the insured. These
benefits may be offered to select individuals and do not have to be made available to all
employees. Benefits paid by the insurance company to an insured are tax-free under all
circumstances.
Self-employed individuals – including sole proprietors, partners, and more than 2%
shareholders of S corporations – may deduct, as a business expense, up to 100% of eligible
premiums paid for qualified long-term care plans. Such payments are not imputed income
to the insured. Individual taxpayers who itemize deductions may be able to deduct the
lesser of the actual long-term care premiums paid or the eligible long-term care premium
amounts listed below as part of total medical expenses. This deduction is subject to
age-based limits, which are adjusted annually based on increases in the medical care
component of the Consumer Price Index.
Premium Deduction Limits 2015
40 or younger ...................................................................................................................................... 380
41 - 50 ...................................................................................................................................................... 710
51 - 60 ...................................................................................................................................................... 1,430
61 - 70 ...................................................................................................................................................... 3,800
71 and older ........................................................................................................................................... 4,750
Medicare participants share a portion of costs through premiums or surcharges paid on
Medicare Parts B and D. For 2015 the basic Part B premium cost has increased to $104.90
per month per participant; however, the monthly costs for both Part B and Part D are higher
for participants at higher income levels. The chart below shows 2015 costs for increasing
levels of Modified Adjusted Gross Income (MAGI = Adjusted Gross Income plus tax exempt
interest, series EE bond interest used for education, less foreign earned income). If self-
paid, the Part A monthly premium is $407.
$
$
$
$
$

12. Federal
Income Tax
Bracket
Tax-Free Yield (%)
1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 5.50 6.00
Taxable-Equivalent Yield (%)
10% 1.11 1.67 2.22 2.78 3.33 3.89 4.44 5.00 5.56 6.11 6.67
15% 1.18 1.76 2.35 2.94 3.53 4.12 4.71 5.29 5.88 6.47 7.06
25% 1.33 2.00 2.67 3.33 4.00 4.67 5.33 6.00 6.67 7.33 8.00
28% 1.39 2.08 2.78 3.47 4.17 4.86 5.56 6.25 6.94 7.64 8.33
33% 1.49 2.24 2.99 3.73 4.48 5.22 5.97 6.72 7.46 8.21 8.96
35%* 1.63 2.44 3.26 4.07 4.89 5.70 6.51 7.33 8.14 8.96 9.79
39.6%* 1.77 2.65 3.53 4.42 5.30 6.19 7.07 7.95 8.83 9.72 10.60
Taxable Equivalent Yields
An individual in the 35% bracket would have to purchase a taxable investment yielding more than 4.89% to outperform
a 3% tax-free investment.
*Taxable equivalent yields for the 35% and 39.6% tax brackets reflect the additional 3.8% surtax on unearned income,
which commences in the 33% tax bracket for most filers.
11
The information contained herein has been compiled from a variety of publicly available documents and web sites believed
to be reliable; however, there is no guarantee as to its accuracy or completeness. All information provided is of a general
nature and is not intended to address the circumstances of any particular individual or entity. Davenport & Company LLC
does not provide tax or legal advice; please consult your own professionals for guidance on these matters.
Age of IRA Owner or
Plan Participant
Life Expectancy
(in years)
Age of IRA Owner or
Plan Participant
Life Expectancy
(in years)
70 27.4 86 14.1
71 26.5 87 13.4
72 25.6 88 12.7
73 24.7 89 12.0
74 23.8 90 11.4
75 22.9 91 10.8
76 22.0 92 10.2
77 21.2 93 9.6
78 20.3 94 9.1
79 19.5 95 8.6
80 18.7 96 8.1
81 17.9 97 7.6
82 17.1 98 7.1
83 16.3 99 6.7
84 15.5 100 6.3
85 14.8 101 5.9
Uniform Lifetime Table (partial)
The Uniform Lifetime Table is the table used by unmarried owners, married owners whose
spouses are not more than 10 years younger, and married owners whose spouses are not
the sole beneficiary of the IRA’s to calculate Required Minimum Distribution. This table is
not used for Inherited or Beneficiary IRA’s .