Don’t tax him. Don’t tax me. Tax the guy behind the tree.
—attributed to former congressman Dan Rostenkowski
Generally, the present Obama administration and Congress have noted that the new health reform proposals will provide better insurance at a lower cost, which will create more jobs. However, there are also a lot of strongly negative feelings among the business community. Let me present some of the provisions so that you can judge for yourself and plan accordingly.
Those single folks who make over $200,000 of adjusted gross income (AGI) or married filing jointly who make over $250,000 have to pay:
1. 0.9 percent more for Medicare starting in 2013.
2. 3.8 percent Medicare charge ...