Taxes and the SCOTUS ACA Decision

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My Synopsis for Physician Investors

By Dr. David Edward Marcinko FACFAS MBA CMP™

www.CertifiedMedicalPlanner.org

[Publisher-in-Chief]

I was at Emory University this past weekend for an unrelated colloquium. But all the chatter, of course, was about SCOTUS, taxes and the just announced ACA decision.

Most doctors I know – just don’t like paying needless taxes. So, what’s the buzz for physicians and other medical professional investors, and their financial advisors [FAs]?

The Synopsis

The taxes to pay for the Affordable Care Act include a new tax on medical devices that will increase costs to individuals and healthcare providers.

There also is a new 3.8% Medicare tax. It applies in 2013 to income and capital gains.

If the expected post-election tax bill extends the current 15% capital gain rate, then the capital gains tax rate will be 18.8% in 2013. However, if the 15% federal capital gains tax rate is increased to 20%, then the new rate in January of 2013 will be 23.8%.

In addition to dividend seeking investors, the increase in capital gains rate may also influence charitable gifts of appreciated property in 2013.

Assessment

Please weigh-in all you FAs and healthcare focused CPAs. What is a physician investor supposed to do, now?

Conclusion

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Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com

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4 Responses

  1. A Republican Alternative to Obama Care for July Fourth?

    Here is a New York Times essay by David Brooks that mentioned conservative health policy analysts James Capretta and Robert Moffit who have provided one of the best available roadmaps to Republican proposals that could replace ObamaCare.

    And, although you may not be familiar with their piece, our colleague Austin Frakt PhD published several related posts on it:

    http://theincidentaleconomist.com/wordpress/capretta-and-moffit-on-repeal-and-replace-fiscal-federalism-and-medicaid/

    http://theincidentaleconomist.com/wordpress/gops-repeal-and-replace-curbing-the-tax-exclusion-for-employer-based-coverage/

    http://theincidentaleconomist.com/wordpress/34680/

    Hope Rachel Hetico RN MHA
    [Managing Editor]

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  2. What Obamacare means for taxes
    [The sweeping health care law, upheld by the Supreme Court, includes changes for next year]

    http://money.msn.com/saving-money-tips/post.aspx?post=2057abe8-8a16-49e3-bb5d-1ddfe62e6705

    Here’s a refresher course on how sweeping health care reform will affect individual taxpayers like ME-P readers.

    Larry

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  3. Sunshine Rules Finally Final

    The long-awaited final rule for the implementation of the Physician Payment Sunshine Act – a 2010 law requiring financial ties between manufacturers and medicine to be disclosed – was released on Feb. 1. CMS addressed several issues pertaining to the reporting of fees, meals, travel expenses and other transfers of value. Those issues were raised by the American Medical Association and other organized medicine groups over an earlier proposed version of the rule.

    http://www.ama-assn.org/amednews/2013/02/11/gvl10211.htm?utm_source=2.11.13&utm_campaign=11713&utm_medium=email

    For instance, CMS will allow doctors additional time to resolve disputes over any inaccurate data and will not require certain indirect payments from continued medical education programs to be reported on the database.

    Reggie

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