

For the high end wage earner, taxes in 2013 will include increases as part of the new health reform laws. Under the old law, 2.9% of income was taxed for Medicare. Now, for individual wage earners with at least $200K in income, an added 0.9% will go to Medicare. For married couples filing jointly that's $250K.
Additionally, capital gains, dividends, interest, annuities, royalties and rents are some examples of unearned (or investment) income that will be taxed at the rate of 3.8%.
As always, if you have questions about your specific situation, call your CPA.
Tax Preparation, Tax Planning and Accounting Services for Phoenix, Scottsdale & Surrounding Areas
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Tax Preparation, Tax Planning and
Accounting Services for Phoenix, Scottsdale and surrounding areas.
Accounting World CPAs & Consulting, PLC
13430 N. Scottsdale Rd. Suite 201
Scottsdale, AZ 85254
Phone: 480-990-2727
