How Executives Will Be Affected by the New Medicare Taxes

“How Executives Will Be Affected by the New Medicare Taxes” by Mark Watson for Smart Business (March 1, 2013)

The Patient Protection and Affordable Care Act imposes two new Medicare taxes — one on wages and self-employment income and one on net investment income. As a result, executives subject to these new Medicare taxes will now incur a 3.8 percent Medicare tax on most of their taxable income.

Read the full article