Net Investment Income Tax
The most frequently asked tax questions related to Net Investment Income Tax
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Answer Tax QuestionsDoes the tax have to be withheld from wages?
Asked Wednesday, August 21, 2013 by an anonymous user
No, but you may request that additional income tax be withheld from your wages.
Will I have to pay both the 3.8% Net Investment Income Tax and the additional .9% Medicare tax?
Asked Wednesday, August 21, 2013 by an anonymous user
You may be subject to both taxes, but not on the same type of income.
The 0.9% Additional Medicare Tax applies to individuals’ wages, compensation and self-employment income over certain thresholds, but it does not apply to income items included in Net Investment Income
What is the Net Income Tax rate?
Asked Wednesday, August 21, 2013 by an anonymous user
The Net Investment Income Tax rate is .038 percent.