HR 6385 · 111th Congress · Taxation

To repeal the unearned income Medicare contribution provision in the Health Care and Education Reconciliation Act of 2010.

Introduced 2010-09-29· Sponsored by Rep. Smith, Adrian [R-NE-3]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2010-09-29)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Health Care and Education Reconciliation Act of 2010 to repeal the unearned income Medicare contribution provision, under which: (1) net investment income (interest, dividends, annuities, royalties, rents, passive income, and net gain from the disposition of nonbusiness property) is included in the Medicare taxable base; (2) a 3.8% tax is imposed on it, beginning in 2013; and (3) the net investment income of taxpayers with adjusted gross incomes of under $200,000 ($250,000 for joint returns) is excluded from such tax.…

Summarized by Claude AI · Non-partisan · For informational purposes only