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What We Know So Far.... | Tax Tip of the Week | No. 155
Little publicized, but effective and starting in 2013, as a part of the Patient Protection and Affordable Care Act of 2010, enacted March 23, 2010, there will be a new tax of 3.8% applied to “net investment income." This new tax would apply to taxpayers with taxable incomes in excess of $200,000 ($250,000 for married filing joint return).