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Yosefa R. Huber, CPA is a division of KYC Israel Research Services, Ltd

©2019 by Yosefa Huber

April 2, 2017

There may be a new administration in Washington, D.C., but the "Obamacare Tax" is still weighing on high-earning Americans world-wide. The Net Investment Income Tax (NIIT), also referred to as the “Unearned Income Medicare Contribution surtax”, was initiated in 2013 to fund the Affordable Care Act (aka “Obamacare”) by taxing the highest earning Americans an additional 3.8% on “unearned” or “passive” income.

Who pays?

If you are filing a form 1040 t...

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