You’re Interest (just one example) Income Now Subject to 3.8% Medicare Tax in 2013

You’re Interest Income Now Subject to 3.8% Medicare Tax in 2013 Effective in 2013, the Health Care and Education Reconciliation Act of 20101 will subject some individuals to a 3.8% Medicare Tax contribution tax on unearned income. This new tax will apply to single taxpayers with a modified adjusted gross income (MAGI) in excess of $200,000 …

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