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Get your taxes done using TurboTax
If I'm understanding correctly both what you wrote and the net investment income tax (NIIT):
First you pay income tax on your dividends, just like everyone does. And then, if you your MAGI is above the thresholds, you pay an additional 3.8% on your dividends (NIIT).
At least I think that's how it works... someone please correct me if I have that wrong.
‎February 9, 2023
6:00 PM