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.

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

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.

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