Turns out ObamaCare is going to cost you:
Turns out the ObamaCare has a 3.8 percent tax on certain kinds of income, including rental and royalty payments.
People subject to the tax — or surtax, as Adams calls it — have an adjusted gross income above $200,000 for single filers and $250,000 for married couples.
That means if your income fits that description and you sign a gas lease this year or after, your bonus payment will be taxed at the regular income tax rate plus another 3.8 percent. Same goes for any royalty checks you receive from gas that’s already flowing.Cue up Connie Francis.
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