Obamacare 3.8 net investment income tax
3.8% Federal Net Investment Income Tax Challenges for Tax ... Sep 18, 2014 · 3.8% Federal Net Investment Income Tax 3.8% Federal Net Investment Income Tax Challenges for Tax Professionals • Section 1411 imposes a 3.8% tax on net investment income of an individual whose modified adjusted gross income (MAGI) exceeds certain thresholds. Obamacare and the 3.8% Surtax Here to Stay...for Now ... Jul 19, 2017 · On March 23, 2010, President Obama signed the Patient Protection and Affordable Care Act, also known as Obamacare. In addition to health care exchanges and a personal mandate to have health insurance, one of the most visible features of Obamacare is the 3.8% surtax on net investment income for wealthier taxpayers.
Jul 14, 2017 · With Senate Republicans planning to retain a 3.8% surtax on investment income in their health-care bill, it is a good time for American taxpayers to know exactly how this tax works.
Sep 18, 2014 · 3.8% Federal Net Investment Income Tax 3.8% Federal Net Investment Income Tax Challenges for Tax Professionals • Section 1411 imposes a 3.8% tax on net investment income of an individual whose modified adjusted gross income (MAGI) exceeds certain thresholds. Obamacare and the 3.8% Surtax Here to Stay...for Now ... Jul 19, 2017 · On March 23, 2010, President Obama signed the Patient Protection and Affordable Care Act, also known as Obamacare. In addition to health care exchanges and a personal mandate to have health insurance, one of the most visible features of Obamacare is the 3.8% surtax on net investment income for wealthier taxpayers. 3.8% of What? An Overview of the Net Investment Income Tax In December 2012, the IRS issued proposed regulations (REG-130507-11) for the net investment income tax under Sec. 1411 that went into effect on Jan. 1, 2013. At the same time, the IRS released a list of frequently asked questions concerning the net investment income tax. Trump’s Web of Companies May Have a Way ... - Bloomberg.com
27 Feb 2015 The net investment income tax (NIIT) is a new tax created with the passage of the Patient Protection and Affordable Care Act, also known as Obamacare. The 3.8 percent tax on the net investment income of high-wage earners
13 Dec 2012 The new tax on net investment income takes effect Jan. 1. Barack Obama, the Patient Protection and Affordable Care Act, P.L. 111-148, the 10 Dec 2012 tax on the “net investment income” of individuals, estates and trusts with The Patient Protection and Affordable Care Act under which NIIT is 27 Feb 2015 The net investment income tax (NIIT) is a new tax created with the passage of the Patient Protection and Affordable Care Act, also known as Obamacare. The 3.8 percent tax on the net investment income of high-wage earners
Apr 10, 2014 · Obamacare's 3.8% Net Investment Income Tax Could Hit You Hard at Tax Time. IRS Highlights Key Rules
22 Feb 2020 To help fund the Affordable Care Act (Obamacare), an additional Net Investment Income, Medicare Surtax and S Corps The tax is calculated by multiplying the 3.8% tax rate by the lower of the following two amounts: net 6 Dec 2013 The net investment income tax or NIIT was enacted by the Affordable Care Act in 2010, but first has application to individual, trust, and estate Multiply the amount in step 3 by 3.8% (the net investment income tax rate) the additional medicare tax included in the Affordable Care Act, if applicable, and
The political appeal of the 3.8 percent Net Investment Income Tax (NIIT) is obvious: It is easy to beat up on rich investors while (supposedly) retaining $172 billion over the decade for health
Oct 28, 2013 · The trust makes no distributions and has adjusted gross income of $300,000. Because the highest tax bracket for a trust is $11,950 in 2013, the net investment income subject to the "Obamacare" tax is $288,050 ($300,000 ‐ $11,950). The NIIT due is $10,945.90 ($288,050 multiplied by 3.8%). House Tax Chief Open to Ending 3.8% Obamacare Levy in Tax ... Jul 20, 2017 · House Tax Chief Open to Ending 3.8% Obamacare Levy in Tax Bill By Brady had previously said eliminating the 3.8 percent tax on net investment …
Remember, the additional tax on investment income applies to the lesser of: • The $40,000 in investment income or • The $30,000 excess over the threshold of $250,000 for joint returns » Sharon is single and has net investment income of $250,000 and no other income. The 3.8…