IT'S STARTING! IRS ISSUES 159 PAGES OF NEW RULES... CUT THAT, TAX THIS...

◼ IRS aims to clarify investment income tax under healthcare law - Reuters

The Internal Revenue Service has released new rules for investment income taxes on capital gains and dividends earned by high-income individuals that passed Congress as part of the 2010 healthcare reform law.

The 3.8 percent surtax on investment income, meant to help pay for healthcare, goes into effect in 2013. It is the first surtax to be applied to capital gains and dividend income....

The 159 pages of rules spell out when the tax applies to trusts and annuities, as well as to individual securities traders.

Released late on Friday, the new regulations include a 0.9 percent healthcare tax on wages for high-income individuals....

The proposed rules are effective starting January 1. Before making the rules final, the IRS will take public comments and hold hearings in April.

◼ On CBS, Cheesecake Factory CEO Warns ObamaCare Will Be 'Very Costly' - Newsbusters

On Monday's CBS This Morning, Cheesecake Factory CEO David Overton spotlighted the looming economic impact of Obamacare's implementation, especially on small enterprises: "For those businesses that don't cover their employees, they'll be in for a very expensive situation." Overton also warned that the cost of the law would be passed on to customers.

◼ Obamacare Investment Income Tax: Wealthy To Pay 3.8 Percent Surcharge On Capital Gains, Dividends - Huffington Post