The new tax will become effective in January 2013, and will be applied to investment income for high-income households. The tax will apply to a single person whose annual income is $200,000 or more, or to a married couple whose combined annual income is $250,000 or more.
It is estimated that the tax will bring in $210 Billion to help with Medicare.
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Examples of the 3.8% Medicare tax
Should you have any questions or need further information,
please don’t hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com
Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521
Tags: Chase International, investment income, Medicare, Nevada, NV, Real Estate, reno, Talayka, Tax, www.sellinghomesinreno.com, www.sellingnorthernnv.com
This entry was posted by Josh Talayka
on Monday, March 7th, 2011 at 3:27 pm and is filed under Capital Gains.
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