The Wall Street Journal, in an article captioned "Democrats Weigh New Tax on Investment Income," reports that House and Senate negotiators are considering a Medicare payroll tax on investment income to help pay for health care legislation. The article explains that the proposed Medicare tax would allow Congressional leaders to reduce the tax on high-cost insurance plans, which is opposed by labor leaders.
Posted by Patrick Siegfried, Associate Editor, Wealth Strategies Journal.
Posted by Patrick Siegfried, Associate Editor, Wealth Strategies Journal.
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