Having said this, the 3.8% Medicare Surtax applies to rental real estate activities in a slightly different manner than the general income tax rules (i.e. those under Code Chapter One) do.
The Ryan outline by design does not include specifics other than a general instruction to the Ways and Means Committee to overhaul the corporate taxcode and simplify the seven individual brackets into two tiers with a top rate of 25%.
With all the hysterical talk about slowing takeovers with legislation, about curbing the spread of junk bond acquisitions and foreign buying of U.S. assets, few people seem aware that our current tax code--passed by Congress and approved in general by the business community--provides a huge bounty to people whether Americans or foreigners, who want to take over companies.