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New Top Income Tax Rates of 43.4% and 50.9% -01/02/13 at 5:45 AM CSTby Perry Rod

2013 brings on a new top tax rate for those whose income is above $400,000.  Ordinary income above that rate is taxed at 39.6%.  However, so-called "unearned income", consisting primarily of short-term capital gains, will include an extra 3.8% tax from The Patient Protection and Affordable Care Act, otherwise known as Obamacare.  The 3.8% t...

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