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PelosiSpeak

I'm reading through House Speaker Nancy Pelosi's final "manager's amendment," and this part jumped out at me:

Page 88, line 1, strike ‘‘MEDICARE TAX’’ and insert ‘‘UNEARNED INCOME MEDICARE CONTRIBUTION’’.

I wrote about this new 3.8 percent tax on investment income here.

View all comments (43) | Leave a comment

Andrew Joseph| 3.20.10 @ 4:13PM

awesome blog, awesome article, thanks for share...

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Pete| 3.20.10 @ 4:27PM

Almost makes it sound voluntary. Perhaps I shall interpret it that way come tax time.

Flee| 3.20.10 @ 5:43PM

Since when did taxes become contributions? Normally when I contribute something to a plan I expect to get something back later. There can be no expectation of ever getting anything of substance back from Medicare especially for someone with unearned income.

DrTomVoter| 3.20.10 @ 6:04PM

Does anyone know when, if passed, this tax kicks in? I may have a ton of sell orders to place for when the market opens on Monday.

Gene| 3.20.10 @ 9:11PM

Just remember bama said no tax increase on anybody making under 250,000, now I wonder how many of the folks making less than that will be paying 3.8% of their UNEARNED income to bama, Look out there will be more. He lied again, stay tuned more to come..

JFindley| 3.21.10 @ 12:14PM

I have often wondered what was worse: An intellectually challenged leader with good intentions (especially the last 8 years), or a very intelligent leader with bad intentions. I will never have to puzzle over this issue again. Yes, W, we DO miss you now.

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The basic benefits for Medigap plans K and L are similar to the basic benefits offered in plans A through J, but these plans have lower monthly premiums and have higher out- of- pocket costs. internet fax

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More Blog Posts by Philip Klein

http://spectator.org/blog/2010/03/20/pelosispeak
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