Yesterday, the House released it's newest version of the Health Care Reform Bill, HR3962. Several major tax increases are included to pay for the cost of the bill. They include:
Surtax on the "wealthy." This is a 5.4% additional tax on incomes over $500,000 for single individuals and $1,000,000 for married couples. Income means adjusted gross income less investment interest expense.
Surtax on medical devices. Medical devices sold by physicians and hospitals to patients generally are assessed a surtax of 2.5% when sold.
Limit on contributions to cafeteria plans. Contributions to cafeteria plans will be limited to $2,500/year.
The Senate version was previously released. It includes the surtax on medical devices as well as the limit on contributions to cafeteria plans but does not include the surtax on wealth individuals.
Both of these bills will be modified and eventually we will get a combined bill. I'll let you know how it goes.
Tom
Comments (7)
Most of the time I do not make comments on blogs, but I have to say that this post really forced me to do so. Really nice post!
Posted by Mary | December 22, 2009 12:11 PM
Posted on December 22, 2009 12:11
Hi there, I like your blog alot, it s has very related content, I found it while I was searching for health care online on aol. Thanks for sharing all this info, keep up the excellent work you do here.
Posted by Myrna Cureau | January 11, 2010 10:11 AM
Posted on January 11, 2010 10:11
How long has this blog been around? I have been searching for this kind of information for the past week and a half. Good thing I stumbled upon your blog.
Posted by Suunto T6c review | January 19, 2010 4:05 AM
Posted on January 19, 2010 04:05
This is an awesome site, I will be adding you to my morning routine :)
Posted by managed firewall | January 23, 2010 11:53 PM
Posted on January 23, 2010 23:53
Really enjoyed reading this article, I hadn't heard of your blog before so there is a lot still to look at.
Posted by wellbutrin dosage | January 25, 2010 7:55 AM
Posted on January 25, 2010 07:55
yea nice Work :D
Posted by medicare | February 28, 2010 9:33 AM
Posted on February 28, 2010 09:33
I like your blog very much, thanks you
Posted by Lavon Rubick | April 22, 2010 11:21 AM
Posted on April 22, 2010 11:21