For a single taxpayer, I have read that there is a 3.8% surcharge on investment income if the person makes more than $200,000 from all sources. Does that even include the income below $200,000?
For example, let's say I have $50,000 in ordinary income and $149,000 in long term capital gains, then I pay no surcharge. But if I have $151,000 in long term capital gains, then I would pay 3.8% of the entire $151,000? Is that how it works?