Tax
Apr. 27, 2013
Stay healthy with new Medicare taxes
Medicare funding is getting a booster shot by subjecting most earned and unearned income to an increased tax. By Stefanie J. Lipson and Lora Cicconi
Beginning this year, the new 3.8 percent tax on the net investment income (NII) of individuals, estates and trusts and the 0.9 percent increase in the Medicare tax on wages and self-employment income give Medicare funding a booster shot by subjecting most earned and unearned income to an increased Medicare tax.
The new NII tax and the tax increases on wages and self-employment income apply to individuals with modi...
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