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How does the Obamacare Net Investment Income Tax Work?

By David C. Gair on December 4, 2012
Posted in Tax Planning

The IRS recently released guidance on the new IRC Section 1411 Net Investment Income Tax – HERE.

Obamacare is of course controversial but after Justice Robert’s Opinion we know that it is here to stay indefinitely.

So what is the tax effect?

Basics

  • This tax applies at a rate of 3.8%
  • It applies to

…

About the Authors

Photo of Joshua SmeltzerJoshua SmeltzerPartner

Joshua Smeltzer is a tax litigator defending clients in tax audits, tax appeals, and litigation in Federal District Court, U.S. Tax Court, the U.S. Court…

Joshua Smeltzer is a tax litigator defending clients in tax audits, tax appeals, and litigation in Federal District Court, U.S. Tax Court, the U.S. Court of Federal Claims, and tax issues in U.S. Bankruptcy Court. Joshua’s previous work as a litigator for the U.S. Department of Justice provides him with first-hand knowledge of how government lawyers build and litigate tax cases. He is Board Certified in Tax Law by the Texas Board of Legal Specialization.

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