Q. Obamacare Tax:
Medicare Tax is on earned income, income from investment income is NOT subject to medicare Tax. Tax is 1.45 +1.45 = 2.9%? correct?
Is this Obamacare tax ONLY on income "over" 200k/250K single/married OR once your total income (income from all sources) hit that threshold then all of your income (0 till infiniti) wages and investment income become subject to 3.8 Tax? Which income, AGI or MAGI or which line item on 1040?
Q. What are exclusions to Obamacare Tax? Muni interest? All of it or from your state muni only?
Does distributions from K1, subject to Obama care? Remember these distributions are NOT reported along with dividends as they reduce cost basis of original investments? What about income which is reported on K1/part 3 which you do have to enter on K1 and it is your share of income or losses but you don't actually get income.
Q. Obama care taxes both earned income/wages and investment income and it has 2 parts. Which kind of investment income are used or NOT used first to calculate threshold of [removed] (single/married/married separate filing) and then which kind of investment income are NOT subject to that 3.8% tax?
