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Do I have to pay an additional tax on investment income?

You might, depending on a few important factors.

A 3.8% net investment income tax is imposed on the unearned income of high-income individuals. The tax is applied to an amount equal to the lesser of:

  • Your net investment income
  • The amount of your modified adjusted gross income (basically, your adjusted gross income increased by an amount associated with any foreign earned income exclusion) that exceeds $200,000 ($250,000 if married filing a joint federal income tax return, and $125,000 if married filing a separate return)

So if you're single and have a MAGI of $250,000, consisting of $150,000 in earned income and $100,000 in net investment income, the 3.8% tax will only apply to $50,000 of your investment income.

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Daemen’s New MSW Degree First One at Private WNY College

Daemen’s New MSW Degree First One at Private WNY College

Daemen College will begin offering courses next spring for a new master of social work (MSW) degree, which will include a concentration in the high-demand practice area of children and families, making it the first MSW program offered at a private college in Western New York.

The New York State Department of Education has granted approval for Daemen to offer the MSW degree that’s designed to provide advanced training for experienced professionals and students with a background in liberal arts who are looking to further or begin their education in the field.

New Winter Market on Hertel to Open on Nov. 22

New Winter Market on Hertel to Open on Nov. 22

 

 

A new indoor farmers’ and food producers’ market will open inside the new 3,000-square-foot home of The Pasta Peddler and Blackbird Sweets, located at 1547 Hertel Ave., Buffalo, on Saturday, Nov. 22. The 20-week market will run from 9 a.m. to 1 p.m. Saturdays through April 4.

Open Enrollment Season Is Here: Give Your Benefits a Check Up

Open enrollment season is your annual opportunity to review your employer-provided benefit options and make elections for the upcoming plan year. To get the most out of what your employer has to offer and potentially save some money, take time to read through the enrollment packets or information you receive before making any benefit decisions.

Review your health plan options

 Even if you're satisfied with your current health plan, compare your existing coverage to other plans your employer is offering for next year. Premiums, out-of-pocket costs, and benefits offered often change from one year to the next and vary among plans. You may decide to keep the plan you already have, but it doesn't hurt to consider your options.

Some tips for reviewing your health coverage:

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Buffalo doctor returns from W. Africa; back to work Monday


BUFFALO, NY - Dr. Myron Glick returned Thursday night from Sierra Leone. That's one of the countries in West Africa where the Ebola epidemic continues.

When we caught up with him Sunday afternoon he was doing what many Western New Yorkers were doing at that time ... watching the Bills game with his family.

Dr. Glick's recent trip to Africa was to help set up a new clinic in rural Sierra Leone, where medical care is scarce. Dr. Glick did not treat any Ebola patients and he says he did not come in contact with anyone who appeared to have Ebola symptoms.

On the day-and-a-half return trip, Dr. Glick was checked out multiple times. Now he's monitoring his temperature, reporting back to the Erie County Department of Health twice daily, and feeling just fine.

And, he's seeing patients first thing Monday morning.

Health Care Infrastructure, Global Response Needed to Fight Ebola, Daemen Expert Panel Says

Health Care Infrastructure, Global Response Needed to Fight Ebola, Daemen Expert Panel Says

A strong public health infrastructure and international aid are crucial to containing the Ebola outbreak in West Africa, a panel of experts said at a discussion held last week at Daemen College.

“The appropriate infrastructure and control strategy to contain this disease is not in place where the outbreak is at its worst in West Africa,” said Erie County Health Commissioner Dr. Gale Burstein. “The level of global response will determine how quickly the disease can be kept from spreading or stopped and we must make sure the intensive medical care required reaches these patients.”

A capacity crowd turned out for Daemen’s timely Ebola panel discussion, which also included Dr. Joseph Sahr Sankoh, Daemen associate professor of political science and African affairs, and Anthony Saysay, a native Liberian.

Investor, Know Thyself: How Your Biases Can Affect Investment Decisions

Over the past few decades, a field has emerged that examines how human psychological factors influence economic and financial decisions. Understanding these biases may help you avoid questionable calls in the heat of the financial moment.

Traditional economic models are based on a simple premise: people make rational financial decisions that are designed to maximize their economic benefits. In reality, however, most humans don't make decisions based on a sterile analysis of the pros and cons. While most of us do think carefully about financial decisions, it is nearly impossible to completely disconnect from our "gut feelings," that nagging intuition that seems to have been deeply implanted in the recesses of our brain.