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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
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.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
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"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
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Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
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The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
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What Would Investment Tax Rates Be
Under the House Reconciliation Bill?
If the House votes for the rule on the budget reconciliation bill this Sunday, the Senate's Christmas Eve healthcare bill gets sent to President Obama's desk and becomes law.
That's the main fight right now.
However, it pays to look ahead to the House's suggested "improvements" to the Senate healthcare bill which are contained in the reconciliation bill. One of these "improvements" is a 3.8% surtax on "unearned" (investment) income in households making more than $250,000 ($200,000 for singles).
What would the various top tax rates on investment income rise to under this "improvement?"
| Capital Gains | Dividends | Other* | |
| 2010 | 15% | 15% | 35% |
| 2011-2012 (current law) | 20% | 39.6% | 39.6% |
| 2011-2012 (Obama budget) | 20% | 20% | 39.6% |
| 2013- (current law) | 23.8% | 43.4% | 43.4% |
| 2013- (Obama budget) | 23.8% | 23.8% | 43.4% |
*Other unearned income (for surtax purposes) includes 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.
Posted by Ryan Ellis 
on Friday, March 19, 2010 12:33 PM EDT
on Friday, March 19, 2010 12:33 PM EDTTo follow Ryan Ellis's RSS feed click here. To follow them on Twitter, their handle is @ryanlellis
