11-21-2018, 03:00 PM
I'm not clear in understanding how and when the 3.8% Obamacare tax works, based on married couple filing jointly.
In retirement if I have ordinary income, comprised of IRA distributions, Social Security etc that exceed $250,000 and qualified dividends and capital gains in the range of $150,000 will I be subject to the Obamacare tax? I assume that at these levels my capital gains tax rate is only 15%. If I am subject to the 3.8% tax what would I have to do to avoid paying this tax?
In retirement if I have ordinary income, comprised of IRA distributions, Social Security etc that exceed $250,000 and qualified dividends and capital gains in the range of $150,000 will I be subject to the Obamacare tax? I assume that at these levels my capital gains tax rate is only 15%. If I am subject to the 3.8% tax what would I have to do to avoid paying this tax?