Tax planners are developing ways to help well-to-do U.S. clients avoid the full impact of taxes set to take effect next year under President Barack Obama’s healthcare overhaul.
With some legal uncertainty still surrounding the new levies, advisers are devising methods for high-income taxpayers to shelter investment and other forms of income.
Obama’s healthcare law imposes a 3.8 percent tax on investment income and a 0.9 boost in payroll taxes, both applying only to individuals earning more than $200,000 a year or households earning more than $250,000..
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