The Affordable Care Act created new taxes, including a Medicare 3.8% surtax on unearned income (including investments), starting in 2013, which applies to upper income taxpayers making over $250,000 (married) and $200,000 (single). Plus a 0.9% Medicare surtax on earned income is assessed over the same adjusted gross income thresholds. The 0.9% surtax brings the Medicare rate on earned income to the same 3.8% as on unearned income. Other taxes include a Medical Device Tax, Individual Mandate Non-...
The Affordable Care Act created new taxes, including a Medicare 3.8% surtax on unearned income (including investments), starting in 2013, which applies to upper income taxpayers making over $250,000 (married) and $200,000 (single). Plus a 0.9% Medicare surtax on earned income is assessed over the same adjusted gross income thresholds. The 0.9% surtax brings the Medicare rate on earned income to the same 3.8% as on unearned income. Other taxes include a Medical Device Tax, Individual Mandate Non-...
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