Tag Archives: ObamaCare

Obamacare and Your Taxes (2014 and beyond)

The Affordable Care Act has a wide ranging list of tax effects, some of which apply to individuals, some to corporations, some intended to provide incentives for individuals or businesses to get insurance, some to provide funding which helps keep other parts of the law up and running. Before you get worried, though, or dive […]

58.7% increase in tax rates at the beginning of 2013 for income above $11,950

Yes, you read that right.  There was a 58.7% increase in tax rates on taxes paid by certain taxpayers as of the beginning of 2013. That’s the increase in capital gains taxes for folks in the highest ordinary tax brackets, due to the increase in the capital gains rate from 15% to 20%, and the […]

Great explanation of the ObamaCare taxes kicking in

Great explanation of the ObamaCare taxes kicking in Two new taxes which are part of the Patient Protection and Affordable Care Act of 2010 (PPA, also called ObamaCare) have taken effect as of January 1.  The first is the new 3.8% Medicare “surtax” on investment income.  Until recently, while investment income was subject to either […]