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Get your taxes done using TurboTax
@rjs wrote:
Although the Net Investment Income Tax (NIIT) was created by the Affordable Care Act, it is not, and never was, earmarked for Obamacare, Medicaid, or Medicare. It goes into the federal government's general funds, just like the regular income tax.
Of course, but it was part of finding the money to pay the cost of ObamaCare. It was passed by the "reconciliation" process, which as I understand it, is supposed to be revenue-neutral, at least on paper. To add costs for something else, the bill in question either needs to cut an equal cost somewhere else, or raise an equal amount of new revenue.
May 26, 2025
6:53 PM