The New Playing Field – A Review of the Net Investment Income Tax and Final Regulations

Summary: The new net investment income tax (“NIIT”) imposes an additional 3.8% tax on passive income received by individuals, trusts and estates. The combined impact of the NIIT and higher income tax brackets result in federal tax rates up to 43.4% on certain passive investment income. Wealth management for clients now requires long term deferred income tax planning, using annuities and life insurance, including private placement products, deferred compensation plans, charitable planning, and regrouping of business activities.

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Categories: Looking Forward Series