Health Care Act includes big Medicare Taxes for high income taxpayers
Posted March 29th, 2010 by adminThe most significant tax increase for high-income taxpayers, for Medicare taxes, will become effective in 2013. There will be an additional 0.9% Medicare tax on earned income exceeding $200,000 for single persons and $250,000 for married persons filing joint returns. In addition, at 3.8% Medicare tax will apply to certain UNEARNED income.
Tags: increase, medicare, Tax matters
Filed under:Individual income tax