Image via WikipediaObamaCare taxes unearned income 3.8% in 2013
Posted on January 11, 2011 by Hix
h/t to the Hix Fix
Dear Friends;
Another provision hidden in the details of the 2000+ pages of the Patient Protection and Affordable Care Act (PPACA) signed into law by President Obama on March 23, 2010 is now starting to make headlines as economists are increasingly concerned about the possibility of a second recessionary dip because the real estate market is not rebounding. Guess how Pelosi, Reid, and Obama decided they could help cover the cost of their ObamaCare debacle? Starting in 2013 we will be taxes 3.8% on all unearned income. This includes the sale of all forms of real estate and, in fact, any income other than that generated from sources other than employment!
Definition: Unearned income – income derived from sources other than employment, such as interest and dividends from investments, or income from rental property. Also called unearned revenue. opposite of earned income. READ MORE HERE--->
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