ObamaCare Being Funded Through a Tax on Dealers…Maybe


With the enactment of the Patient Protection and Affordable Care Act of 2010 (PPACA), also known as ObamaCare or the Affordable Care Act, many dealers may have been erroneously snared by a new tax.

This new tax, the Net Investment Income Tax, imposes a flat 3.8% tax on net investment income (NII) and was intended to impact higher income individuals as well as certain trusts and estates with income from passive investments (e.g., interest, dividends, capital gains, etc.). For more information, click the appropriate link below:

Automobile Dealerships

Equipment Dealerships

About the Author(s)
Hill, Barth & King LLC has prepared this material for informational purposes only. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or under any state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please do not hesitate to contact us if you have any questions regarding the matter.