Caught in the Investment Income Tax Net

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A new 3.8 percent tax, mandated in health care reform, will snag high income taxpayers.

Beginning in 2013, high-income taxpayers will be subject to a new form of tax referred to as the 3.8 percent Medicare contribution tax on net investment income.

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Source: VSCPA Disclosures Magazine
Authors: Jennifer Flinchum and Samuel Baronian.

About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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