Yes and he’s right...the numbers are correct which he gives...they left out even the expenses to hire the 14,000Irs people to carry this out..and that’s just one. That in itself pushed the expense off the map the demos “fixed”.
Per Paul Ryan this so-called ‘‘UNEARNED INCOME MEDICARE CONTRIBUTION’’is a 200+ billion dollar raid on funds that would normally go to Medicare
PLUS, IT WON’T GO TO THE HEALTH CARE FIASCO...THEY WANT THE MONEY NOW BECAUSE THEY ARE BROKE AND SOCIAL SECURITY IS GOING NEGATIVE. THEY NEED NEW SOURCES OF REVENUE.
Sorry...don’t mean to scream...BUT THAT’S ALL I CAN DO TODAY!
Geez - and this ‘‘UNEARNED INCOME MEDICARE
CONTRIBUTION’’ will apply to the sale of your primary residence as well.
Paul Ryan making the point that this will set back the real estate recovery even more.
Annuities? Bend over.
“The tax rate would climb by .9 points to 3.8 percent for earned income above the thresholds, up from the current 2.9 percent rate. And the full 3.8 percent tax would be applied to unearned income, such as interest and dividends, above the threshold amounts.”