New Medicare Taxes Coming in 2013 by W. Dean Karrash, CPA, CFP®

Dean Karrash Now that health care reform has been upheld by the Supreme Court, a new series of tax hikes are poised to take effect in 2013. The Supreme Court recently decided that the provisions of the law requiring people without health coverage to buy insurance or pay a fee is constitutional under Congress’ power to impose taxes. While vowing to overturn the entire health reform law if elected, Mitt Romney and the Republicans would have to not only retake the White House and Senate, they would also have to retain the House this November to have any chance of reversing this law. With that being far from certain, and requiring a lot of things to go right for Mitt Romney as his campaign comes down the home stretch, it probably makes sense to take a look at what is likely to happen in 2013.