Now that the elections are over we know not much has changed in Washington D.C. It now appears that the tax provisions of the Patient Protection and Affordable Care Act (Obamacare) will become effective in 2013.

Little publicized, but effective and starting in 2013, as a part of the Patient Protection and Affordable Care Act of 2010, enacted March 23, 2010, there will be a new tax of 3.8% applied to “net investment income." This new tax would apply to taxpayers with taxable incomes in excess of $200,000 ($250,000 for married filing joint return).