http://www.reuters.com/article/2012/12/03/us-usa-tax-irs-idU...

IRS aims to clarify investment income tax under healthcare law

The Internal Revenue Service has released new rules for investment income taxes on capital gains and dividends earned by high-income individuals that passed Congress as part of the 2010 healthcare reform law.

The 159 pages of rules spell out when the tax applies to trusts and annuities, as well as to individual securities traders.

There's a whole lot of clarification going on out there.<grin>

Same olde s**t.

The proposed rules are effective starting January 1. Before making the rules final, the IRS will take public comments and hold hearings in April.

And certain Congress "leaders" wonder why Americans are afraid to plan/spend on the future.

JLC

The proposed rules are effective starting January 1. Before making the rules final, the IRS will take public comments and hold hearings in April.

And certain Congress "leaders" wonder why Americans are afraid to plan/spend on the future.

JLC
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You know who's completely against uncertainty?.......Obama:

http://hotair.com/archives/2012/12/05/obama-to-gop-on-debt-c...

Citing what he acknowledged were unconfirmed reports of Republican thinking, the president said “the thinking is the Republicans will have more leverage… and they will try to extract more concessions with a stronger hand on the debt.” But, he told the business leaders, “I have to just tell you. That is a bad strategy for America. That is a bad strategy for your businesses and it is not a game that I will play.”

Calling the last debt battle in 2011 a “catastrophe” that led to the lowering of the nation’s credit rating and stalled economic recovery, he said a repeat of that battle would cause great uncertainty around the world. “There is no uncertainty like the problem if the United States of America, the largest economy, the world’s reserve currency, potentially defaults on its debts.”

He added, “If the Congress in any way suggests they are going to tie negotiations to the debt ceiling and take us to the brink of default once again as part of a budget negotiation… I will not play that game because we’ve got to break that habit before it starts.”
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Uncertainty=bad.

My brother just told me that to remain a Medicare provider (he's an optician), he must pay the government a fee of $527. His friend, an eyeglass frame importer, must pay a fee of $2,700 for an import number.