The Banking and Strategy Initiative

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How much will the "rich" pay? | Healthcare CNN Money

Link, In addition on investment income:

Here’s how the new tax on investment income would work: It would hit those people whose gross income (roughly speaking, wages plus investment income) exceeds the $200,000 threshold for individuals or $250,000 for couples.

But because of how the proposal is structured, you might not owe the 3.8% tax on all your investment income. Here’s why: the tax would apply to whichever is less — your investment income or the amount that your modified adjusted gross income (AGI) exceeds the high-income threshold.

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This entry was posted on March 23, 2010 by in Amitonomics and tagged , .

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