Talk of The Villages Florida - View Single Post - R U Subject to the NIIT?
Thread: R U Subject to the NIIT?
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Old 11-05-2024, 04:06 PM
Pballer Pballer is offline
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Originally Posted by manaboutown View Post
Reviewing my tax returns over the past several years I found this insidious component seems to grow larger every year. What I found especially nettlesome is it applies to LTCGs!

It was initiated in 2013. That year 3.1M taxpayers paid it. In 2021 7.3M were hit with it so more and more of us now pay it.

It seems only a few steps may be taken to alleviate its impact.

Net Investment Income Tax: Do You Have to Pay It? - NerdWallet

What Is The Net Investment Income Tax And Who Has To Pay It? | Bankrate

Net Investment Income Tax (NIIT): What Is It and Who Pays? | Kiplinger
It would have been nice if they had at least indexed the threshold to inflation. Also, big marriage penalty seems very unfair - threshold of $200,000 for singles, but only $250,000 for married couples. If they get rid of the Affordable Care Act this may very well go away.