New Tax to Pay for ObamaCare

The article does not make it clear whether this provision is in the Senate bill, (which has to be cleared by the House.)

A stealth provision in President Obama’s latest healthcare proposal dramatically increases taxes on the wealthy — 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 alone.

But Obama wants a Medicare tax to be paid on the investment income accrued by individuals making more than $200,000 a year and couples making more than $250,000.

It might also include capgains, raising THAT rate to 22.9%.