Tuesday, December 4, 2012
The IRS has released a FAQ and 159 pages of proposed regulations on the new 3.8% surtax on investment income and the 0.9% tax increase on wages for high-income individuals enacted as part of the Affordable Care Act and scheduled to take effect on January 1, 2013.
- Forbes, Ten Things We Learned From The New Obamacare Investment Tax Regulations
- Journal of Accountancy, Guidance Issued on Additional Medicare Tax
- Reuters, IRS Aims to Clarify Investment Income Tax Under Healthcare Law
For a detailed discussion of these new taxes, see Richard L. Kaplan (Illinois), Rethinking Medicare's Payroll Tax After Health Care Reform, 90 Taxes 55 (Aug. 2011).