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This weekend was tax filing time for millions of Americans, and if you think your tax hit is bad now wait until a year from now when those Bush Tax Cuts could all be gone. The payroll tax cuts will most certainly be gone, and a whole new taxes will be on. One of these is a big tax that no one has been talking about, a Medicare tax on the sale of your house. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss the impact of many of the new taxes coming in 2013 especially one of the biggest taxes – Medicare tax on selling your house.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: 2013, americans, bush tax cuts, financial advisor, fox news, medicare tax, new taxes, payroll tax, selling your house, tax, tax filing, wealth manager