Wealthy taxpayers face new Medicare tax in 2013

07/10/2011 | Tax Adviser, The

Wealthy taxpayers will be subject to a new 3.8% Medicare tax on unearned income beginning in 2013. The tax will apply to individuals with a modified gross adjusted income of at least $200,000 and married couples with income of at least $250,000. Advisers should encourage clients to review their current investments to identify opportunities to reduce liability before the new tax takes effect. This article outlines several planning considerations in light of this new tax.

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Tax Adviser, The

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