8% Medicare Surtax on Investment Income Form

Instructions and help about 8% Medicare Surtax On Investment Income

all right everyone for this machine here welcome to another training video and in this video we're gonna talk about a silence which is called net investment income tax right and we're going to refer to it as net net investment income tax a lot of people don't know it but our federal tax bracket is an untrue untrue uh unjust I don't know about unjust like more untrue tax bracket right so a lot of people say well I'm in a 30 bracket that's true it would be 30 25 20 tax bracket but and a lot of you don't know what being business owner there is an extra tag that is being tagged Along on your personal income tax return if you have an investment income okay a portfolio income including your rental properties and if you are over a certain threshold we're going to talk about that in a minute then guess what that tax gets added on automatically okay and without proper planning for this and if you are that individual you are paying that extra tax without electing out of it and you can elect out