KSWO brings you the latest local, state and national health news on MedWatch. During the evening broadcast, MedWatch reporter, Haley Wilson, informs you about new advances in medications, tests and procedures to diagnose and treat all types of illnesses.
If you are an individual who is exempt from Medicare taxes, you still may be subject to the Net Investment Income Tax if you have Net Investment Income and also have modified adjusted gross income over the applicable thresholds.
Remember though that sales of appreciated shares owned for one year or less are taxed at âordinary incomeâ rates, while stocks held for over a year are taxed at the long-term capital gains rate, which for most investors is lower than their income-tax rate.ne of the toughest calculations taxpayers have to make is figuring out how much they owe Uncle Sam for their investment income. Taxpayers generally have two options when calculating taxes owed after selling stock holdings, but thereâs more flexibility for those who take action before selling the shares.