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2. What is the net investment income tax and who has to pay it?

   www.aol.com/finance/net-investment-income-tax...

   Here, Kelly and John would pay $9,500 in NIIT tax, or $250,000 x 0.038 = $9,500. How to avoid the NIIT If you’re worried you might be subject to the extra tax, you have several ways to offset ...

3. How Much in Taxes Will My Net Investment Income Cost Me? - AOL

   www.aol.com/finance/much-taxes-net-investment...

   Net investment income (NII) is defined as the profit gained from investments after deducting certain related expenses. This includes various forms of income such as interest, dividends, rental ...

4. Alternative minimum tax - Wikipedia

   en.wikipedia.org/wiki/Alternative_minimum_tax

   The alternative minimum tax (AMT) is a tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts. As of tax year 2018, the AMT raises about $5.2 billion, or 0.4% of all federal income tax revenue, affecting 0.1% of taxpayers, mostly in the upper income ranges. [1] [2]

5. 5 Taxes You Might Owe If You Have a Trust - AOL

   www.aol.com/5-taxes-might-owe-trust-145448249.html

   Dealing with trusts and their tax implications can seem like a labyrinth of legal terms and financial jargon. Trust distributions might be taxable, with the tax liability potentially varying based ...

6. Internal Revenue Code section 212 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   Internal Revenue Code § 212 (26 U.S.C. § 212) provides a deduction, for U.S. federal income tax purposes, for expenses incurred in investment activities. Taxpayers are allowed to deduct all the ordinary and necessary expenses paid or incurred during the taxable year-- (1) for the production or collection of income;

7. Trust Tax Rates and Exemptions for 2022 - AOL

   www.aol.com/news/trust-tax-rates-exemptions...

   However, in some cases a beneficiary can still avoid paying any taxes if he or she has received less from the trust than lifetime gift tax exemption. In 2022, that is set at $12.06 million for ...