Businesses to IRS: Please Change Forgotten Obamacare Tax

CNBC

Businesses and wealthy owners of estates and trusts have asked the IRS for changes to a part of President Barack Obama's 2010 health-care law that has received comparatively little attention: a 3.8 percent tax on investment income intended to provide the bulk of the law's funding. The tax kicks in this year, with U.S. taxpayers accounting for it for the first time in their tax returns for 2013. It is projected to raise more than $100 billion over a decade to help pay for health insurance for millions of Americans who lack it.

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