Get Ready for the New Investment Tax

It really is happening.

The new tax, which Congress passed in 2010, affects the net investment income of most joint filers with adjusted gross income of more than $250,000 ($200,000 for single filers). Starting on Jan. 1, 2013, the tax rates on long-term capital gains and dividends for these earners will jump from their current historic low of 15% to18.8%, assuming Congress extends the current law....

The new rules present big challenges for taxpayers. But if you start thinking about them now, at least you can minimize the damage.

 

http://online.wsj.com/article/SB10001424052702304830704577496580986417316.html

E-mail me when people leave their comments –

You need to be a member of Tea Party Command Center to add comments!

Join Tea Party Command Center