Maximizing Your Wealth After Health Care Reform

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The health care legislation recently passed by Congress and signed by the President, the Patient Protection and Affordable Care Act, imposes an additional Medicare tax of 3.8% on “net investment income” or the excess of modified adjusted gross income over a “threshold amount”. The “threshold amount” is $250,000 for married taxpayers and $125,000 for single taxpayers. (It is $200,000 for other taxpayers – trusts, for example).

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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