Tax Rascal

New ObamaCare Taxes Revealed

Categories: Business, Economy, Featured, Personal Finance, Politics, Tax News, Tax Policy, Uncategorized

When Nancy Pelosi was Speaker of the House, she famously quipped that Congress would have to pass the 2010 omnibus healthcare bill in order to find out what was in it.  Congress complied, and now America is starting to find out what is inside the bill come law: taxes, taxes and more taxes.

The Internal Revenue Service recently released new rules for investment income taxes on capital gains and dividends earned by so-called “high income” payers.

Enter: the first surtax to be applied to capital gains and dividend income at 3.8%.  But the surtax is more complicated than it seems, because it applies to a broad range of investment securities such as stocks, bonds, commodity securities, specialized derivatives and more.… Read more...

“Obamacare” Reform Sparks Online Revolt

Categories: Uncategorized

Remember when you didn’t know a new political scheme was unpopular until someone published a letter to the editor? Or until you stumbled on a blog? Now, thanks to Twitter, you can get opinions on Obamacare faster than ever!

Here’s a sampling of what people are saying about this tax issue:

Obamacare: all in favor say…

@Acaseofzombism : #obamacarefacts Under ObamaCare garfield will no longer hate mondays

@CyberWasteland : Under ObamaCare E.T. would’ve died. #obamacarefacts

@southworth : Under ObamaCare, Obama will bring about the Biblical Apocalypse, and it will be labeled a pre-existing condition. #obamacarefacts

@jephjacques Under ObamaCare, the CIA will replace the prozac in your tap water with its generic #obamacarefacts

Obamacare: opponents say…

@Mike_McC : Under ObamaCare, …


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