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To: KLP who wrote (354284)3/19/2010 3:19:48 AM
From: LindyBill1 Recommendation  Read Replies (2) | Respond to of 793957
 
3.8% Medicare Tax on Investment Income

I bet that will work like SS and be "first dollar." That will mean they can get the tax from retired people's interest income regardless of what they make. You are living on SS and get 4K a year in interest income. No tax now. But in the future, you will pay $150/160 a year.

If it does, the roofs will come off in the retirement communities.



To: KLP who wrote (354284)3/19/2010 3:58:50 AM
From: unclewest1 Recommendation  Respond to of 793957
 
House Health Care Bill Includes 3.8% Medicare Tax on Investment Income

It is called redistribution.

It should be called the incentive killer.


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