Written by Rob Lillpopp on March 1, 2010 – 8:01 am
Terry Keenan of the New York Post writes - “Here’s one number that wasn’t mentioned during last week’s Presidential Health Care Summit — the Democrats want to levy a new income tax to fund ObamaCare and the residents of New York and New Jersey will likely end up paying about 25 percent of it.
How so?
Well, the new tax would slap the 2.9 percent Medicare tax on “interest, dividends, annuities, royalties and rents” for the first time ever, for those households earning $250,000 and above. A similar scheme to add this additional tax on capital gains is said to be close behind. And according to the Manhattan Institute, New Yorkers are, once again, in line to bear the brunt of the proposed tax hike.”
To read more click here.
