They will also pay an additional 3.8 percent tax on their investment income.
One form will be for parents with younger children who have investment income of more than $1,000 a year.
But the Florida life is not all sweet when it comes to investment income.
They look to other lines of insurance or to investment income for profit.
For the six months, net investment income rose 17.7 percent to $439.3 million.
Instead, we're seeing 38- to 60-year-olds who are spending investment income.
And investment income in the name of children age 14 or over is still taxed at the child's rate.
Full disclosure is now required of such items as investment income.
They also paid $6,977 to foreign governments because of investment income abroad.
The two plans differ in the way they would treat investment income.
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