New Medicare Tax on Unearned Income
The new health care legislation has Medicare taxes on unearned income starting in 2012 or 2013.
When will ESPlanner address this major new tax?
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RSS Disclaimer: ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO, are educational calculators designed to give users input in mapping out financial futures, but should not be acted upon as a complete financial plan. The creators of these programs are not certified, registered, authorized, or any other type of financial planners. These programs are simply tools for helping you think through economic futures. Its "recommendations" should be viewed as informative inputs into your own decision-making with respect to saving and the purchase of life insurance. ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO provide neither economic, financial nor tax advice, which can only be delivered to you by authorized professionals.
When the taxes are actually implemented and published, yes. Until then, no. We've discussed this policy in detail elsewhere.
Best,
Dick Munroe