Now That the Election is Over, How Do You Plan for 2013’s New Tax on Investment Income?

December 18, 2012Articles
Bloomberg BNA Daily Tax Report

President Obama’s re-election and the Democrats’ retained control of the Senate mean that a repeal of the Patient Protection and Affordable Care Act before its tax provisions go into effect in early 2013 is highly unlikely.

As a result, investors now fear a potential top tax rate as high as 43.4 percent due to the combined impact of expiring Bush tax cuts and a new ‘‘Medicare surtax’’ on investments. Anticipating the rate increase, tax advisers have been actively engaged in planning to avoid or minimize the new surtax.

Read the full article published by Bloomberg BNA below which focuses on assisting those taxpayers who have been waiting to plan by showing how the surtax is applied and identifying techniques that can be used to address it.