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you may have heard
a few months ago lots of talk and
internet a back-and-forth on the fact that they're going to tax your house
when you sell it
this this is where that comes from for most folks
owner-occupied housing is is exempt from
from capital gains tax and so this wouldn't affect them
but indeed those kinds of
capital gains and and rentals and other under incomes are now taxed
a reasonably high percent given that they were never tax under medicare
before
yes it will
it turns out that what what happens is that they're
there's new taxes that apply to upper-income individuals
people who earn two hundred thousand dollars or more year
or families that earn more than 250,000 a year
there's an additional tax of nine tenths of one percent on
on wages and salaries that apply over those thresholds
and then there's a tax on unearned income things like
interest and dividends and capital gains uh, rental income
that's taxed at 3.8 percent again if your income is a is about those thresholds
and certainly the unearned income
provision is sort of brand new to people and so it begins to affect them when they
fill out their taxes
this coming April it's also the case that those thresholds aren't
indexed for inflation which means that over time more and more people are going
to be
gonna be caught in in that new tax