Thursday, July 05, 2012

How to Prepare For ObamaCare's New 3.8% Investment Income Tax



Kiplinger reports:
High-income investors, be forewarned: Starting next year, you'll be paying a new 3.8% tax on certain kinds of unearned income. The revenue from this so-called Medicare surtax will finance part of the health care overhaul signed into law in 2010. The U.S. Supreme Court's health care ruling in June upholds nearly all of the health care law, including the surtax.

The Obama Regime has grand plans for your pocketbook.