The new taxes we want to address here became law on January 1, 2013 and affect real estate owners upon the sale of investment properties. The new laws tax capital gains from the sale of stocks, bonds or real estate and will assist in the funding of Medicare and other governmental services. Up to this point, Social Security taxes, Unemployment taxes and Medicare taxes were funded from employment income, not investment income. 2013 capital gains tax rate.
This is the first time Capital Gains income from the sale of investments has been successfully targeted. The new Medicare tax rate is 3.8% and is now imposed on capital gains income.
It is our opinion that Americans are taxed more than enough and any additional attempts to take more money by way of taxation simply is another bad thing to happen to the borrowers we are in business to serve. 2013 capital gains tax rate.
Our Office Hours