Additional Tax on Net Investment Income – Individual Provision Effective 2013
July 22, 2010 – 3:29 pmTaxpayers with high income will be subject to a 3.8% tax on net investment income. The tax will be limited to the lesser of 3.8% times the net investment income or the taxpayer’s modified adjusted gross income, according to the applicable threshold. For MFJ, the threshold is $250,000; for MFS, the threshold is $125,000, and for all other filing statuses, the threshold is $200,000.
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