Caught in the Investment Income Tax Net
Posted on 01.06.14
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.
Source: VSCPA Disclosures Magazine
Authors: Jennifer Flinchum and Samuel Baronian.