Mike Gracik featured in Richmond Times Dispatch Moneywise article.
Posted on 04.15.13
Posted: Sunday, April 14, 2013 12:30 am | Updated: 11:55 pm, Sun Apr 14, 2013.
BY CAROL HAZARD | Richmond Times-Dispatch
New tax on investments to help pay for health care changes
The scramble is on to file income tax returns and meet Monday’s deadline.
Meanwhile, a little-known tax went into effect Jan. 1 and it will affect income tax returns filed next year. It’s called the net investment income tax.
It’s a 3.8 percent surtax on investment income of individuals, estates and trusts.
It affects single people with gross incomes of more than $200,000 or married couples filing jointly with gross incomes of more than $250,000. Read more