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Plan for High Income Surtaxes in 2013

Posted February 24, 2012

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Plan for High Income Surtaxes in 2013
The 2010 health care legislation brings a tax increase into play in 2013 that includes a 3.8 percent tax on net investment income, and a 0.9 percent Medicare tax on earned income. Generally, if your income exceeds $200,000 (single filing), or $250,000 (joint filing), you are at risk for these new taxes.