Linda’s appearance on 970 WFLA
Our very own Linda Griffin was a guest this morning on News Radio WFLA to discuss the tax increases in 2013. To listen to the full interview with Linda Griffin, please click on the following link: http://www.970wfla.com/player/?mid=22658051 These tax increases include the following:
1) the anticipated reduction of the estate and gift tax exclusions from $5.120 million to $1 million and the increase in the maximum gift and estate tax rates from 35% to 55%;
2) the 3.8% surtax on net investment income (interest, dividends, capital gains, non-qualified annuity distributions, rental income and royalty income) for high-income taxpayers and trust and estates;
3) the top marginal federal income tax rates will increase from 35% to 39.60%; and
4) Medicare taxes will increase from 2.9% to 3.8% for each individual.
Advice: If you are worried about these tax increases in 2013, then you should contact your lawyer or accountant to discuss potential planning opportunities before year end.