Taxes on Top of Whatever the New Rates Are:

“OBAMACARE” TAXES EFFECTIVE JAN. 1, 2013

INCOME TEST:	INDIVIDUALS	ESTATES & TRUSTS
IF:	MAGI > $125,000 (MFS) 200,000 (S/HOH) 250,000 (MFJ) ?	INCOME IN TOP ESTATE / TRUST TAX BRACKET ? (APPROX $12,000 FOR 2013)
	YES	YES
THEN:
3.8% SURTAX ON “INVESTMENT INCOME” OF:	Lesser Of:	Lesser Of:
	1) MAGI OVER THRESHOLD ABOVE OR 2) NET INVESTMENT INCOME	1) ALL INCOME IN TOP BRACKET OR 2) UNDISTRIBUTED INVESTMENT INCOME DNI
PLUS: .9 % SURTAX ON “WAGES & SELF- EMPLOYMENT INCOME” OF:	WAGES + S/E INCOME OVER THRESHOLD ABOVE	NOT APPLICABLE FOR CORPORATIONS, ESTATES OR TRUSTS

MAGI = ADJUSTED GROSS INCOME PER TAX RETURN PLUS ANY EXCLUDED FOREIGN EARNED INCOME; INCLUDES TRADITIONAL IRA & QUALIFIED PLAN DISTRIBUTIONS.
MFS = MARRIED FILING SEPARATELY, S = SINGLE, HOH = HEAD OF HOUSEHOLD, MFJ = MARRIED FILING JOINT.
“INVESTMENT INCOME” = TAXABLE PORTFOLIO, CAPITAL GAIN, RENTAL & OTHER PASSIVE INCOME.