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December 2012

Recs

6

New Taxes

December 25, 2012 – Comments (3)

I try to keep up with Income Tax matters, but some of the new taxes going into effect for next year have me baffled.  In particular, does anyone know any details about the new 3.6% tax on investment income?  There is little mention of it in the media, and on those rare occasions on which it is mentioned, very little or no explanation is given.  Taxes on dividends are already scheduled to go up, and now a new surtax is to be added besides?  I have already expressed my views on the double taxation of dividends in an earlier post.   [more]

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