Massachusetts 4% Surtax on Taxable Income | Mass. gov As of tax year 2023, personal income taxpayers must pay an additional 4% (4% surtax) on taxable income over the surtax threshold In tax year 2023 it was $1,000,000, but it has increased annually for inflation (surtax threshold) See M G L c 62, §§ 4 (d) and 5A
What Is Medicare Surtax How It Affects Your Taxes This article will unpack the Medicare surtax in detail, including its origins, how it works in 2025, who it applies to, and what strategies you can use to potentially reduce your liability
Surtax - Wikipedia Surtaxes can be imposed on other taxes They are usually imposed on the grounds of moral justification, as they affect only persons who are already paying taxes, rather than extending taxation to new areas or persons who are not previously being taxed
Planning moves to lessen the sting of the 3. 8% surtax A rising number of US taxpayers are subject to an investment income surtax, introduced a decade ago in federal legislation Here are some strategies that may help mitigate the impact of the tax
3. 8% Obamacare Medicare Surtax and How to Avoid It. Where Did The Obamacare Medicare Surtax Come From? To help fund the Affordable Care Act (also dubbed Obamacare), there was a 3 8% surtax levied against higher incomes
Surtax | TaxEDU Glossary - Tax Foundation A surtax is not an increase in a particular tax, but a new tax levied on top of another, which can be complicated This method of taxation is typically used to fund specific programs or time-limited events, such as health-care initiatives or war, but is often kept around far into the future