Affordable Care Act

3.8% Tax on Unearned Income The Affordable Care Act has created a host of new taxes which start to become effective in 2013. The two issues with the greatest potential impact to most taxpayers are the Medicare taxes on earned and unearned income. I attended a full day seminar on this topic a few weeks ago and have spent time reading the law and the Internal Revenue Service Regulations that attempt to explain its implementation. The law is complex and will create more than a few headaches next spring. Much of what I have seen in the press has been, at best, misleading, and in many cases plain wrong. My hope here is to give you an outline of the law and allow you to determine if it may impact

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