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The Obamacare Medical Device Tax – a $20 billion tax increase:
The Obamacare “Special Needs Kids Tax” – a $13 billion tax increase:
The Obamacare Surtax on Investment Income – a $123 billion tax increase:
The Obamacare “Haircut” for Medical Itemized Deductions – a $15.2 billion tax increase:
The Obamacare Medicare Payroll Tax Hike -- an $86.8 billion tax increase:
Does anybody know more details on this change ?
The Obamacare “Special Needs Kids Tax” – a $13 billion tax increase: The 30-35 million Americans who use a Flexible Spending Account (FSA) at work to pay for their family’s basic medical needs will face a new government cap of $2,500 (currently the accounts are unlimited under federal law, though employers are allowed to set a cap).
There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are several million families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. This Obamacare tax provision will limit the options available to these families.
Originally posted by beezzer
We are so screwed if this doesn't get repealed.
If Obama wins, it'll get real ugly (fiscally) for America.
Originally posted by campanionator
Originally posted by beezzer
We are so screwed if this doesn't get repealed.
If Obama wins, it'll get real ugly (fiscally) for America.
I know, people with cancer won't have their coverage dropped.