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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: kollmhn who wrote (150445)	5/2/2011 12:46:08 PM
From: tom pope	2 Recommendations Respond to of 206323

If your primary residence has a gain greater than the exclusion ($500k per joint return) I wish.

To: kollmhn who wrote (150445)	5/2/2011 12:58:12 PM
From: Big Dog	Read Replies (1) \| Respond to of 206323

The way I read this, if you make say $100,000, only from investment income....zero earned income...there is no new tax. New Medicare contribution tax on unearned income Beginning in 2013, a new 3.8% Medicare contribution tax will be imposed on the unearned income of high-income individuals (the new tax is also imposed on estates and trusts, although slightly different rules apply). The tax is equal to 3.8% of the lesser of: Your net investment income (generally, net income from interest, dividends, annuities, royalties and rents, and capital gains, as well as income from a business that is considered a passive activity or a business that trades financial instruments or commodities), or Your modified adjusted gross income (basically, your adjusted gross income increased by any foreign earned income exclusion) that exceeds $200,000 ($250,000 if married filing a joint federal income tax return, $125,000 if married filing a separate return). So, effectively, you're only subject to the additional 3.8% tax if your adjusted gross income exceeds the dollar thresholds listed above.