Unearned Income Medicare Contribution

by Richard B. Robinson * IRC Section 1411 imposes a new Medicare tax on the net investment income of individual taxpayers. The tax is equal to 3.8 percent of the lesser of: the taxpayer's net investment income or the taxpayer's modified adjustment gross income over the threshold amount...

Unearned Income Medicare Contribution

by Richard B. Robinson * IRC Section 1411 imposes a new Medicare tax on the net investment income of individual taxpayers. The tax is equal to 3.8 percent of the lesser of: the taxpayer's net investment income or the taxpayer's modified adjustment gross income over the threshold amount...