Tag Archives: affordable care act

From Washington & Albany — Washington: New Taxes Arrive; Governor Cuomo: NY Taxes Too High

I.         From Washington A rainbow of new federal income taxes arrived on January 1, 2014, led by the new 3.8 percent “Medicare” tax imposed by IRC §1411. Although enacted as part of the health care legislation of President Obama, … Continue reading

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2012 Treasury Report on Social Security & Medicare

I.  Introduction.  Treasury’s 2012 Report to Congress on the financial health of Social Security and Medicare emphasized that Americans are living longer and that the number of retirees is growing. This is placing pressure on Social Security, which is projected … Continue reading

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