I don’t understand. So they are saying they will rip nearly $10,000 dollars out of my hands for earning $200,000?
On top of already being the highest tax bracket?
WTF?
“So they are saying they will rip nearly $10,000 dollars out of my hands for earning $200,000?”
Comrade ... it simple payment to glorious elite members of socialist ruling class to help poor that capitalist pig like you. *sarcasm*
You get hit if you’re married and make over $250K ... the “over” $250K is taxed an additional percentage.
If you are not married and make over $200K, any investments you make will be taxed an additional percentage.
I can see this tax “trickling down” to the $120Kish regime in no time. They just don’t get it -OR- they do get it and want to keep the water boiling so that any additional application of this disgusting tax won’t be as noticeable in the future.
You are ALREADY being ripped for $10,000 on earnings of $200,000 in Obamacare. So no difference.
But you will for sure save $$$ on health insurance & health care.
It’s on investment income.
My favorite was the call that they were stealing money from the poor to give to the rich. I always asked, what will you do when they call you rich for having a house or a car?
That gets a whole lot of people thinking.
Oh, look, free government cell phones.
Only on investment income so if you have 200k in investment income then yes. The 0.9% is on all income though.
It’s a tax you are already supposed to be paying. You better check that out before the IRS audits you.....although I think it is only for stock market sales so you may be ok if you didn’t sell anything. This really doesn’t affect you since you have had this rule in place for years. Not sure why you think they are going to rip money out of your hands....they already have been doing that.