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How To Manage The Net Investment Income Tax (NIIT)


KXLY
March 10, 2021 7:14 AM
Rebecca Baldridge - Forbes Advisor
Posted:
Updated:
March 12, 2021 4:10 AM
Created as part of the Health Care and Education Reconciliation Act to fund healthcare reform in 2010, the net investment income tax (NIIT) is a 3.8% surtax that typically applies only to high earners with considerable investment income.
Who Pays the Net Investment Income Tax?
The net investment income tax applies to taxpayers who have a significant amount of investment income, typically high-net-worth families and individuals with considerable assets.
Net investment income is money you earn from your investments. It might include dividends, interest payments and capital gains you realize when you sell a security, like a stock, for more than you originally paid for it. In addition, royalty payments, some types of annuity payments and rental income from real estate investments are also considered investment income. ....

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Transcripts For SFGTV 20110123



some type of a beautification aspect with the neighborhood in terms of creating some kind of garden wall, or however you want to look at it. commissioner hwang: right now, as i understand it, this huge fence commissioner fung: they have already committed a some omnipotent amount of money. one would expect a significant amount of money. one would suspect the planning attendant to that would be more comprehensive than for us to look at one small piece of it. commissioner hwang: i agree, but that is not before us. we have no way to weigh in on the decisions made in the settlement agreement. whereas here what is before us is that fence and the encroachment issue. that is what i would be more inclined to continue for the purposes of hearing from dpw about what is involved there. if you could talk about what is involved in your jurisdiction, i would appreciate that. it is the nature of the encroachment. right now, there is a miner encroachment. a minor encroachment. r ....

San Francisco , United States , Chris Schiffer , Teresa Martinez ,

Transcripts For SFGTV 20110122



pattern to the area. the question is the extent. i do not find it is overwhelming. i think the movement of that fence may cause more problems than the neighbors would want to see. commissioner hwang: i largely agree with what commissioner fung has stated. my issue is with the portion of the fence that basically captors part of the public right of way captures part of the public right of way. it doesn t have any basis. it is a little part of the field there. a level part of the field there. i am inclined to i would be more inclined to ask dpw to look into that issue, to the extent it is possible to modify the existing fence. i am not sure how it works with your department and if that is within your jurisdiction, but it seems to me that you do not have to uproot the streets to move a fence that is simply on the other side of the property, because it is taking up public property and treating it like it is its own. that is troublesome to me. commissioner peterson: are ....

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