Bad news: higher taxes.

Good news: avoiding them.

When you calculate your 2013 taxes, you could find a new tax waiting to greet you.

This new tax goes by various names, such as:

Obamacare tax

Net investment income tax (NIIT)

Medicare tax

The new tax debuts this year at 3.8 percent. If you have to pay the new tax, it’s on top of what you already pay in income tax. This means the highest tax rate for 2013 is 43.4 percent (39.6 plus 3.8 for the new tax).

As with any tax, you want to do what you can to avoid paying it or at least reduce it. This article gives you five strategies that you can apply now to avoid or reduce this tax and your income tax.

How the New Tax Works

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