A self-matching phase shifter/attenuator including several incremental impedance matched phase shifter/attenuator elements is disclosed. Each incremental impedance matched phase shifter element comprises a reactive component (such as either a capacitor or inductor) that can be coupled in shunt to the signal path. The shunt reactive component is coupled in series with a ground switch. When closed, the ground switch connects the shunt reactive component to ground. When the ground switch is open, the switch removes the shunt reactive component from the circuit. In addition, each incremental impedance matched phase shifter element comprises a series reactive component having a reactance that is typically equal and inverse of that of the shunt reactive component.