by Tom aka Rusty Rustbelt
Health Care Thoughts: CPA Retirement Funding Act
So I spent a part of the weekend reading summaries of the new IRS regs on the Obamacare 3.8% net investment income tax.
Holy complications Batman!
These rules are so complex and convoluted CPAs will spend their spare time reading yacht catalogs. Sure, the rules apply to high earners (although not that high, e.g. a two income professional couple may get whacked), but for those in the lofty category these rules are really really messy. There are lots of really difficult issues such as S-corp sales and what happens to real estate professionals.
This is not the way to finance a health care system , IMHO.