Inbedded HorseHead Posted September 8, 2011 Report Share Posted September 8, 2011 . Obamacare Surtax on Investment Income (Tax hike of $123 billion/takes effect Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93 Capital Gains Dividends Other* 2011-2012 15% 15% 35% 2013+ (current law) 23.8% 43.4% 43.4% 2013+ (Obama budget) 23.8% 23.8% 43.4% *Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens. Read more: http://www.atr.org/comprehensive-list-obama-tax-hikes-a6433#ixzz1XPI4Oaub 2 1 Link to comment Share on other sites More sharing options...
Aqua Dude Posted September 8, 2011 Report Share Posted September 8, 2011 any law that is passed this is is majorly normal to not be effect to next year jan 1 so u cash out this year, then you pay tax as it was made law for jan 1 2011 not law for 2012 or 2013 are you trying to scare people you devilsh person yoooooou Link to comment Share on other sites More sharing options...
Mazzz27 Posted September 8, 2011 Report Share Posted September 8, 2011 we dont want the implementation of the removal of three zeros Link to comment Share on other sites More sharing options...
MoneyMoney7 Posted September 9, 2011 Report Share Posted September 9, 2011 . Obamacare Surtax on Investment Income (Tax hike of $123 billion/takes effect Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93 Capital Gains Dividends Other* 2011-2012 15% 15% 35% 2013+ (current law) 23.8% 43.4% 43.4% 2013+ (Obama budget) 23.8% 23.8% 43.4% *Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens. Read more: http://www.atr.org/comprehensive-list-obama-tax-hikes-a6433#ixzz1XPI4Oaub All this taxing the poor man to death is why American's fought the tyrants in 1776 and beat them, and the patriots will do it again before Yahweh returns. 3 Link to comment Share on other sites More sharing options...
Recommended Posts