This contract will settle (expire) at 100 ($10.00) if the highest marginal personal income tax rate for single US filers is equal or greater than the figure specified in the contract for tax year 2011.

This contract will settle (expire) at 0 ($0.00) if the highest marginal personal income tax rate for single US filers is less than the figure specified in the contract for tax year 2011.

For expiry purposes, the contracts will be settled based on the highest federal marginal tax rate included in IRS "Schedule X" for single filers for tax year 2011.

Typically, the IRS publishes "Schedule X" in November of the given tax year. Please note that the expiry date of this contract (12/31/2011) is a guide only. The contract will be expired once the relevant information is available.

If "Schedule X" is phased-out or is otherwise unusable, the exchange will find a secondary official source that accurately reflects the highest marginal tax rate on income for single filers for tax year 2011. For example, if a flat tax were instituted, the contracts would be settled based on that flat rate.

The Alternative Minimum Tax has no effect on expiry, nor would a change to the definition of (adjusted gross) income nor changes to the number of or the dollar thresholds of the tax brackets. Tax rebates and credits have no effect on this expiry. FICA and Medicare taxes have no effect on this expiry.

Clarification: This contract will be settled taking into account additional federal marginal income taxes such as surtaxes that may be levied on single filers. In such cases, Schedule X will not be accurate with respect to the highest marginal rate paid, and the contract would be settled in accordance with the details of the implementation of the surtax. Possible implementations include the highest Schedule X rate + the surtax rate, or the highest Schedule X rate * (1 + the surtax rate). The income threshold of the tax and discontinuities in its application with respect to income thresholds have no effect on settlement.

Any changes to the result after the contract has expired will not be taken into account - Exchange Rule1.4

Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract before you place a trade.

Citation: These markets were originated by Jason Ruspini.

Highest Marginal Single-Filer Fed Income Tax Rate to be Equal or Greater than 38% in 2011 Tax Year

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Highest Marginal Single-Filer Fed Income Tax Rate to be Equal or Greater than 38% in 2011 Tax Year

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