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A little-known tax is quietly affecting more Americans. Could you be its next unsuspecting victim? Tikhonova Yana / Shutterstock.com
A growing number of Americans are finding themselves unexpectedly ensnared in the net investment income tax, or NIIT. This tax emerged during the Obama administration and is intended to help fund the health care insurance reforms enacted into law by the Affordable Care Act of 2010, often called “Obamacare.” When the NIIT was created, it applied to those with adjusted gross income (AGI) of more…
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