Wealthy Would Get Billions in Tax Cuts Under Obamacare Repeal Plan -<br />By JESSE DRUCKERMARCH 10, 2017<br />Two of the biggest tax cuts in Republican proposals to repeal the Affordable Care Act would deliver roughly $157 billion<br />over the coming decade to those with incomes of $1 million or more, according to a congressional analysis.<br />The provisions would repeal two tax increases on high earners enacted in 2010 to help pay for the Affordable Care Act: an increase in capital gains taxes<br />and other investment-related income, and a surcharge on Medicare taxes.<br />With the 3.8 percent tax imposed by the Affordable Care Act, the top capital gains rate stands at 23.8 percent for the wealthiest Americans.<br />In total, the two provisions would cut taxes by about $274 billion during the coming decade, virtually<br />all of it for people making at least $200,000, according to a separate assessment by the committee.<br />The other is a 0.9 percent surcharge on the Medicare taxes imposed on high-income earners — individuals making more than $200,000 a year<br />and married couples filing joint returns who earn more than $250,000 a year.
