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House Health Care Bill Includes 3.8% Medicare Tax on Investment Income

Following up on my prior posts (President Obama's Health Care Tax IncreasesWSJ: Obama's 'Sneaky' New Tax on InvestmentsObamaCare's Worst Tax Hike: For the First Time, Payroll Levies Will Hit Investment Income): the House Health Care bill unveiled today includes a 3.8% Medicare tax on investment income (interest, dividends, capital gains, annuities, rents) earned by those with incomes in excess of $200,000 (single) and $250,000 (joint). 


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