New Healthcare Taxes Detailed

Regardless of what happens with the so-called “fiscal cliff,” there will be some taxes going up come January 1st to pay for the new healthcare law.

FOX News Radio’s Steve Knight has the breakdown:

Audio clip:

The IRS has published the rules about the taxes.  Investment income for households earning more than $250,000 a year will be subject to a 3.8% tax.  Regular income for those households will also face a nearly 1% Medicare surtax.

There is also a 2.3% tax on medical devices.  Georgia Republican Congressman Tom Price fears that that tax will reduce medical research.

Steve Knight, FOX News Radio.




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