the IRS offered an example of a taxpayer filing as a single individual who makes $180,000 in wage income plus $90,000 from investment income. The individual's modified adjusted gross income is $270,000. The 3.8 percent tax applies to the $70,000, and the individual would pay $2,660 in surtaxes, the IRS said.That's right you don't have to make over $200,000 a year to have to the new ObamaCare tax applied to you. As you can guess: Obama out right lied saying he wasn't going to raise taxes to pay for his health care scheme.
Monday, December 03, 2012
IRS aims to clarify investment income tax under healthcare law
Reuters reports on ObamaCare's new taxes: