Question: When should a relocation manager be concerned about the recently enacted Health Bill?
Answer: When it contains a provision that taxes real estate. However, much of the media coverage on this part of the bill is likely to be wrong.
The recent health bill contains a provision that is titled the “Medicare Tax.” It is scheduled to take effect in 2013 and will apply a 3.8% tax on the unearned income of so-called “high income” taxpayers.
This tax has caused a media stir because it has been incorrectly described by many as a “national sales tax on real estate.” This is a [...] Read More