Tag Archive: "3.8% tax"
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Trusts Get Hit with New 3.8% Tax too
We have had several posts on the new 3.8% net investment income tax applying to individuals with net investment income especially rents. We sometimes forget that this tax will apply to trusts and estates beginning in 2013 and the applicable level is much lower. All the way down to less than $12,000. This means if a […]
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How to Calculate The New 3.8% Medicare Surtax
One of our readers asked the following question: “Could you possibly give some examples on this new Medicare surtax might be calculated? Thank you.” The new Medicare surtax applies on the lessor of: Net investment income, or The amount of adjusted gross income in excess of $250,000 ($200,000 single) Investment income comprises primarily interest, dividends, annuities, […]