Tag Archive: "medicare surtax"

• How to Calculate The New 3.8% Medicare Surtax

  • December 6, 2012
  • Paul Neiffer

  One of our readers asked the following question: “Could you possibly give some examples on this new Medicare surtax might be calculated? Thank you.”  The new Medicare surtax applies on the lessor of: Net investment income, or The amount of adjusted gross income in excess of $250,000 ($200,000 single) Investment income comprises primarily interest, dividends, annuities, […]

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• Get Ready For The New Medicare Tax Increase on Earned Income

  • November 4, 2012
  • Paul Neiffer

  As part Obama-Care put into effect in 2010 is a provision to increase the employee portion of the Medicare tax from the current 1.45% by .9% to a total rate of 2.35%.  This new rate only applies on the amount of earned income in excess of $200,000 for single taxpayers and $250,000 for married couples […]

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