Obama "Care" Imposes ANOTHER New Tax Nobody’s Talking About

March 17, 2010

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There they go again. They’re going after my boss and yours, too. The WSJ points it out here:

For the first time, the combined employer-worker 2.9% Medicare rate would be extended beyond wages to interest, dividends, capital gains, annuities, royalties and rents for individuals with adjusted gross income above $200,000 and joint filers over $250,000. …The White House plan also raises the ordinary Medicare payroll tax by 0.9 percentage points for the same filers, bringing it to 3.8%. …Earning even a single dollar more than $200,000 in adjusted gross income will slap the 2.9% tax on every dollar of a taxpayer’s investment income, creating a huge marginal-rate spike that will most hurt middle-class earners, as opposed to the superrich. …So for reasons of political expediency, Democrats will now impose a destructive tax that will permanently skew the incentives to work, save and create jobs. Come to think of it, that sums up this entire exercise.

As we’ve seen before, it won’t be long before additional taxes will trickle down to the middle income earners due to those “rich” people doing something else with their money.

Tell ’em where you saw it. Http://www.victoriataft.com