Thursday, March 11, 2010

Oh that's a surprise!...

Obama Plans 'Backdoor' Tax to Pay for Health Plan

A stealth provision in President Obama’s latest healthcare proposal increases taxes on the wealthy by extending Medicare taxes for the first time to “unearned” investment income. The new 2.9 percent tax would apply to interest, dividend, annuity, royalty, and rent payments. Under current law, Medicare payments come from salaries.
FULL STORY

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