No, not these Magi,
The MAGI: modified adjusted gross income.
While we weren’t watching, New ‘Medicare’ Taxes To Hit Middle Class
The second is a new 3.8% tax on some or all investment income of taxpayers with modified adjusted gross income (MAGI) over $200,000 for single filers or $250,000 for joint filers.
For those of you wanting to tax “the rich”, try finding a household of four in the high-tax, high cost of living states who is “rich” earning those amounts.
It all comes down to one equation: Progressive taxation = thievery by the government.
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