Posted on 05/28/2010 6:50:57 AM PDT by TigerLikesRooster
Siegel: Even Muni Bonds Get Hit by Obamacare Tax Hikes
Friday, May 28, 2010 08:17 AM
By: Forrest Jones
President Barack Obama’s healthcare reform bill may no longer grab headlines like it did since its passage, but tax hikes related to the bill are lurking, says author and University of Pennsylvania Wharton School of Business Professor Jeremy J. Siegel.
“The biggest negative is the surprise imposition of a 3.8 percent Medicare tax on investment income — the first time unearned income has been subject to such a tax,” Siegel writes in his column in Kiplinger’s Personal Income.
Further tax hikes include raising capital gains and dividends taxes as well as hikes on income taxes for the country’s wealthiest, although such moves will not likely affect stock markets as their increases are not high in historical terms, Siegel says.
(Excerpt) Read more at moneynews.com ...
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