The New 3.8% Medicare Tax: In-Depth Analysis and Planning

This new title, by nationally recognized tax planning experts, Robert S. Keebler, Peter J. Melcher, Michelle J. Ward, and Christopher W. Schuler, analyzes the new 3.8% Medicare Tax on Net Investment Income, which will become effective January 1, 2013 pursuant to the Affordable Care Act of 2010 as recently upheld by the U.S. Supreme Court. This tax will have a wide ranging effect on many taxpayers including individuals, businesses, estates and trusts and this book will help taxpayers and tax advisors understand and prepare for the consequences of this new tax. Effective January 1, 2013. The new 3.8% Medicare tax is imposed on the lesser of ""net investment income"" or the excess (if any) of ""modified adjusted gross income"" over the ""threshold amount.""