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July 2013

The Net Investment Income Tax: A Potential Pitfall for the Unwary
walshlaw

A new tax came into effect beginning in 2013, one that you might not have heard of: the Net Investment Income Tax. Basically, any income that is classified as Net Investment Income (NII) is subject to an additional tax at a flat rate of 3.8% of the amount of NII, provided that adjusted gross income […]