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Subject:  Re: Tax upon tax Date:  12/4/2012  10:07 PM
Author:  sykesix Number:  410494 of 538980

While we watch the Fiscal Cliff brinkmanship, it is easy to forget that "Obamacare" adds another 2-4% on top of wages, capital gains and dividends.

I'm not going to comment on what the two major parties are proposing or the movement to segment our population along income lines.

What I am simply pointing out is that the net result of the demise of the Bush tax cuts will result in higher taxes than during the Clinton administration for all income tranches which have their rates reset.

That's not quite true. The ACA provides a 3.8 percent surtax on investment income over $200,000 for individuals or $250,000 for joint filers. There is also an additional Medicare tax of 0.9 percent on incomes over $200,000 for individuals or $250,000 for joint filers.
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