Top Five Worst Obamacare Taxes Coming in 2013

This opinion comes from the Americans for Tax Reform website.

They outline and detail what they think are the 5 worst new (PPACA) taxes coming next year.

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:

Top Five Worst Obamacare Taxes Coming in 2013

All the details are in the article


one odd one is:

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.

Does anybody know more details on this change ?

They truly are idiots who wrote that putting business out of business and then that investment income tax.

23.5% capitals gains 43% on dividends that are paid out however if those dividends are reinvested they still taxed?

Don't believe. they are

The care act is one giant crap sandwhich anyone think it is going to be good is delusional,

yeah... nut ...but Øbama made it a point to award free cells phones with 250 minutes to all the welfare and entitlement convinced people out there that had a pulsre/ could vote for him..

who then networked with the rest of the parasite community of generational welfare queens and those who are temporarily in a bad situation.


Lets not lump the self climbers with the dredges of society who thinks the world owes them a Champaign existance ...because they are actually losers. parasites. scavangers that prey on the weakenesses and kindnesses of their fellow community members


i for one was not 1 of the deluded AHoles that voted the rip=off artist in in 2008




Lets also give credit to Peloisi for twisting arms to get that Bill passed into Law... bet she will retire on her tropical island she will get for suckering the congress votes & the american people with the ØbamaCare poison-pit

Let's not forget the Individual Mandate penalties under ACA (Obamacare):

Excerpt:

In 2014, the annual penalty will be $95 per adult and $47.50 per child, up to a family maximum of $285 or 1 percent of family income, whichever is greater.

In 2015, the penalty will be $325 per adult and $162.50 per child, up to a family maximum of $975 or 2 percent of family income, whichever is greater.

In 2016, the penalty will be $695 per adult and $347.50 per child, up to a family maximum of $2,085 or 2.5 percent of family income, whichever is greater.

Source:
How the Health Insurance Mandate Penalty Will Work By Philip Moeller
money.usnews.com...

Let us also not forget they can always garnish SS benefits to get that "penalty".

Bunch of crooks.

reply to post by neo96


The ACA does anything but what it's name implies. It has no cost saving measures at all. I work in healthcare and starting in 2010 Obama's policies have devastated the hospital I work at. We're undergoing yet another financial crisis right now because of it.

We are so screwed if this doesn't get repealed.

If Obama wins, it'll get real ugly (fiscally) for America.

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.

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.

Peple with cancer will be given a pill and left to die comfortably because some bean coiunter in DC will determine that their productivity to the state is not on par with the cost of treatment.