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Sunday, February 5, 2012

Bill Proposed to Close John Edwards/Newt Gingrich Medicare Tax ‘Loophole’

Following up on my prior post, Newt Gingrich Used 'John Edwards Sub S Tax Shelter' to Save $50k in Medicare Taxes (Jan. 23, 2012):  Rep. Pete Stark (D-CA), the ranking Democratic member of the House Ways and Means Health Subcommittee, has introduced H.R. 3840, the Narrowing Exceptions for Withholding Taxes (NEWT) Act:

http://taxprof.typepad.com/taxprof_blog/2012/02/bill-proposed.html

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