When in doubt, pray.
December 4 2012
IRS aims to clarify investment income tax under healthcare law http://t.co/h7sE1LIR via @reuters
December 05, 2012
IRS aims to clarify investment income tax under healthcare law
The 3.8 percent surtax on investment income, meant to help pay for healthcare, goes into effect in 2013. It is the first surtax to be applied to capital gains and dividend income. The tax affects only individuals with more than $200,000 in modified adjusted gross income (MAGI), and married couples filing jointly with more than $250,000 of MAGI.
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