Archive for June 2010
Most wealthy Americans (those in the top two tax brackets) are not aware that taxes on their investments will get a bump in 2011, and again in 2013. The first one is due to the expiration of Bush tax cuts; the second is due to a 3.8% new “Medicare” tax on investment incomes.
The following table sums up the investment tax increases for the top-bracket taxpayers. Read the rest of this entry »