The ‘You-Make-A-Lot-of-Money Tax’ Hits More Americans

The net investment income tax is coming due for millions more taxpayers than a decade ago. That’s no accident.

Laura Saunders

June 23, 2023 5:30 am ET

Illustration: Kiersten Essenpreis

Many Americans don’t know Uncle Sam has an extra tax on investment income for higher earners—at least until they owe it. Now more people are owing it, thanks to inflation and higher yields on bank accounts and bonds.  

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