Sep 18, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin

The Farm CPA

RSS By: Paul Neiffer, Top Producer

Paul is now part of the fourth generation in America that is involved in farming and hopes the next generation will be involved also. Through his blog he provides analysis and insight to farmer tax questions.

Obamacare Survives the Supreme Court

Jun 28, 2012

The Supreme Court just issued their ruling stating that Obamacare is partly constitutional and partly nonconstitutional, but the constitutional right of Congress to levy taxes trumps the Commerce Clause.

This was an extremely tight 5-4 ruling, with Chief Justice Roberts siding with the four more liberal justices.

For now, the most immediate effect facing farmers is the imposition of the Medicare surtax on earned income and unearned income starting Jan. 1, 2013.

Even if Romney gets elected, any repeal of this will happen after Jan. 1, and who knows if it would affect this part of the bill or not.

Log In or Sign Up to comment


No comments have been posted, be the first one to comment.
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by|Site Map|Privacy Policy|Terms & Conditions