How will ACA affect my taxes in 2013?

Joane Goodroe

The Affordable Care Act (referred to as Obamacare) will increase taxes on worker’s wages in 2013.  Employers already take out 7.65 percent of workers' wages to support the elderly and the disabled. Of that, 1.45 percent goes toward paying Medicare's hospital bills.  Obamacare increases the Medicare hospital tax by 0.9 percent. 

In addition, for anyone earning over $200,000, there is a new a new 3.8 percent tax on investment income.

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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.