High-income traders are hit with ObamaCare’s 3.8% Medicare tax on investment income

2. What one person receives without working for, another person must work for without receiving.
More...

that would be me..

here is just one example how my tax money spend on those medicare programs..none of those people on links below ever worked in US. none of them ever paid any taxes..everything for them provided on silver platter and paid by you and me..food at restaurants,housing,all medical expenses,transportation,entertainment..you name it-they have it. economies of whole entire neighborhoods are based on this medicare\medicaid abuse..

http://cofrockland.com/index.php?op...iew=category&id=2:our-everyday-life&Itemid=75

http://www.youtube.com/watch?gl=SN&feature=related&hl=fr&v=Y-9O6AgTNbs

too bad that you can't see some of those adult day care commercials on russian tv in US..boy oh boy..

don't get me wrong..we should help each other. the question is-to what extend? why gvt?
 
Quote from Robert A. Green:... I wonder if Medicare benefits will be means tested for high income people in retirement....
More...
Medicare Part B (Doctor) and D (Prescription) premiums paid by all participants are already means tested. Most people have no idea that this has been happening for the last two or three years. Somehow neither the Democrat nor the Republican politicians seem to remember they changed the law. See:

http://www.socialsecurity.gov/pubs/10536.html

Scroll down to the chart on the Social Security Administrations info page. The benefits are the same. You just pay more if you make more.

Jack
 
Quote from Robert A. Green:

Good point about Medicare benefits. I wonder if Medicare benefits will be means tested for high income people in retirement. With the entity strategy, traders can pay into social security and Medicare both, getting more income tax savings than they pay in SE tax costs.
More...

Judging by the age demographic and who has the votes everything will be free for the baby boomer generation till they die and everyone else will have to pick up the bill.
 
Quote from blackjack007:Back to the topic: how does the new 3.8% tax apply to profits on 1256 contracts?
More...
Unearned income includes investment or portfolio income (interest, dividends, most capital gains, and annuities), royalties, rents, and passive activity income, as well as gains from the sale of property not used in an active business.

1256 gains are capital gains. So if you have an adjusted gross income (AGI) exceeding $200,000 (single), $250,000 (married filing jointly), or $125,000 (married filing separately) you pay at the 3.8% rate.

Jack
 
Quote from actionzip54:

You gotta bring race into this bro? What does it matter if the military is black?
More...

is this sarcasm?

"black" military refers to secret military funding, not african-americans.
 
You must log in or register to reply here.
Back
Top