When the U.S. Supreme Court ruled on the Affordable Care Act law in late June, the decision upholding the individual health insurance mandate made headlines.
But lost in the details and unknown to many was the 3.8 percent surcharge tax on net investment income set to take effect Jan. 1, 2013.
“The only people I have been having conversations about this with are accountants,” said Bernard A. Krooks, a partner with an estate planning practice at Littman Krooks in Manhattan and White Plains, N.Y. “Clients have no idea.”
Tagged with: Affordable Care Act
Read More »