Jim Guarino Quoted in CNBC About Net Investment Income Tax
CNBC recently quoted Jim Guarino in an article, “Millions of high earners pay this investment income tax every year. Here’s how to avoid it.” He discussed the net investment income tax and how it is a type of stealth tax. “Taxpayers may not discover they owe this tax until they are preparing their income tax returns,” he said. “Awareness and planning are integral, Guarino said, noting that it may be challenging for do-it-yourself tax preparers.” The article also quotes Guarino on ways for investors to avoid federal taxes on interest, such as buying municipal bonds.