In 2013, net investment income for those with income in excess of $250,000/$200,000 will be subject to a new 3.8% Medicare tax. This is the first time in history that investment income has been subject to the Medicare tax. In addition to the Medicare tax on investment income, for wage earners and self-employed’s with income in excess of $250,000/$200,000, a 0.9 Medicare surtax will be imposed. For information on planning strategies, view the PVWLaw article Strategies for Minimizing the Cost of the 2013 Medicare Tax.
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