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So they will be subject to the 3.8 percent NIIT on the $100,000, as it is the lesser of the two numbers. Kelly and John would need to pay $3,800 in NIIT, or $100,000 x 0.038 = $3,800.
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 ...
NIIT Limited (National Institute of Information Technology) is an Indian multinational skills and talent development corporation headquartered in Gurgaon, India. The company was set up in 1981 to help the nascent IT industry overcome its human resource challenges. NIIT offers training and development to individuals, enterprises and institutions.
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--
Coforge, formerly known as NIIT Technologies, is an Indian multinational information technology company based in Noida, India and New Jersey, United States. The company's stock trades on the Bombay Stock Exchange and on the National Stock Exchange of India under the ticker symbol COFORGE.
Meanwhile, for earners who make $400,000 or more, Harris said she would back raising the net investment income tax (NIIT) rate to 5 percent from 3.8 percent. Taken together, long-term capital ...
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