With the enactment of the Patient Protection and Affordable Care Act of 2010 (PPACA), also known as ObamaCare or the Affordable Care Act, many dealers may have been erroneously snared by a new tax.
This new tax, the Net Investment Income Tax, imposes a flat 3.8% tax on net investment income (NII) and was intended to impact higher income individuals as well as certain trusts and estates with income from passive investments (e.g., interest, dividends, capital gains, etc.). For more information, click the appropriate link below:
