1.When you add up all of your income from every possible source, and that total is less than $200,000 ($250,000 on a joint tax return), you will not be subject to this tax.
2.The 3.8% tax will never be collected as a transfer tax on real estate of any type, so you’ll never pay this tax at the time that you purchase a home or other investment property. … (2 comments)
As of January 1, 2013 there is a NEW %3.8 tax on investment income and it is important to know if and how it will affect YOU.
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