Wealthy might pay higher taxes on annuity income

02/21/2014 | CNNMoney

Many high-income American will pay higher taxes this year because of changes due to the Affordable Care Act and a deal that headed off a U.S. government default. Some or all of the funds received from annuities, rents, interest, dividends and taxable capital gains will be subject to the 3.8% Medicare tax for higher-income individuals and couples.

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