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Uh-oh. New Dem idea: Extending the Medicare tax to interest, dividends, and cap gains.

I don’t know how I missed this one. 

In the secret WH talks re: reconciling the House and senate bills, another taxing idea slipped out:

Boosting the Medicare payroll tax – either by increasing the rate or extending it to unearned income – is still a live option, according to sources familiar with the talks. 
http://www.politico.com/news/stories/0110/31480.html#ixzz0caQSCeWR

“They” like to call it unearned income.  We  income taxpayers (i.e. the minority) like to call it interest, dividends and capital gains — earnings previously sheltered from FICA and Medicare.

Now, this is getting personal.

This entry was posted on January 14, 2010 at 7:48 am and is filed under Health Care / Medical Insurance, Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Uh-oh. New Dem idea: Extending the Medicare tax to interest, dividends, and cap gains.”

  1. Pivoting away from jobs (again) … let’s raise taxes (a lot). « The Homa Files Says:
    February 24, 2010 at 8:02 am | Reply

    […] Pivoting away from jobs (again) … let’s raise taxes (a lot). By kenhoma HomaFiles was all over this earlier this year: “Uh-oh. New Dem idea: Extending the Medicare tax to interest, dividends, and cap gains” https://kenhoma.wordpress.com/2010/01/14/uh-oh-new-dem-idea-extending-the-medicare-tax-to-interest-di… […]

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