The New Rules on Taxes for Investment Income

The Internal Revenue Service (IRS) has released a new set of rules for the taxes on investment income. These rules are geared towards capital gains as well as dividends that were earned by high-earners, or those individuals who have income that’s “higher than the average”. The rules were passed to the Congress and were also included on the Healthcare Reform Law of 2010. Read on to know the changes on the rules on taxes for investment income. Surtax will Be Applied on Healthcare The 3.8% investment income tax that will be applied on investment income is meant to pay for...