The 3.8% surtax applies to the lesser of you investment income the amount of your income over 200k (250k for married filing jointly). And I believe it is calculated BEFORE deductions. Until this week I didn’t realize this could apply to income and just ‘investment’ income.
Republicans need to hammer this home during budget talks. OBAMA ALREADY RAISED TAXES ON THE EVIL RICH PEOPLE.
And BTW, why did Romney (or Ryan or any other Republican) never talk about these obamacare taxes? When I read the post at the link I was just steaming mad. The democrats are WAY better at hammering home their talking points, and I don’t understand why this is so hard for Republicans to do.