Code Sec. 1411: What the New 3.8% Medicare Surtax Means for You and your Investments

The start of the new calendar year, 2013, marks an important turning point for taxpayers.  As taxpayers begin preparing their tax returns for April 15, they must take into consideration several new tax rates that come into effect this year.  One new piece of tax legislation of particular interest that will be the focus of this and the next several posts is the new 3.8% net investment income tax.