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Get ready for the new investment tax
Posted By -NO AUTHOR- On 06/29/2012 @ 8:48 pm In Money,Politics,U.S. | No Comments
(Wall Street Journal) It really is happening.
Until this week, investors were waiting to see what the Supreme Court would do about the 3.8 percentage-point surtax on investment income, part of President Obama’s health-care overhaul. The Internal Revenue Service hasn’t yet released guidance on the new tax.
So when the court affirmed the law on Thursday, investors—and tax advisers—started scrambling.
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