healthmyths
Platinum Member
- Sep 19, 2011
- 29,043
- 10,525
America.
Obama has told us in his own words he wants:
a) Higher gas prices
b) bankrupt utilities and skyrocket utilities' costs to All Americans
c) destroy 1,300 companies that pay $100 billion a year in taxes,put out of work 400,000 people, close offices, raising property taxes..
How Obama is doing that now with Obamacare...
Five major ObamaCare taxes that will hit your wallet in 2013
1) This 2.3 percent tax on medical device makers will raise the price of (for example) every pacemaker, prosthetic limb, stent, and operating table. Can you remind us, Mr. President, how taxing medical devices will reduce the cost of health care?
The tax is particularly destructive because it is levied on gross sales and even targets companies who havent turned a profit yet.
These are often small, scrappy companies with less than 20 employees who pioneer the next generation of life-prolonging devices. In addition to raising the cost of health care, this $20 billion tax over the next ten years will not help the countrys jobs outlook, as the industry employs nearly 400,000 Americans. Several companies have already responded to the looming tax by cutting research and development budgets and laying off workers.
2)The ObamaCare High Medical Bills Tax -- Before Obamacare you could deduct 10% after 7.5%..........
This onerous tax provision will hit Americans facing the highest out-of-pocket medical bills. Currently, Americans are allowed to deduct medical expenses on their 1040 form to the extent the costs exceed 7.5 percent of ones adjusted gross income.
The new ObamaCare provision will raise that threshold to 10 percent, subjecting patients to a higher tax bill. This tax will hit pre-retirement seniors the hardest. Over the next ten years, affected Americans will pony up a minimum total of $15 billion in taxes thanks to this provision.
3) The ObamaCare Medicare Payroll Tax increase -- current 2.9% Medicare payroll tax will be increased to a total of 3.8% a big hit especially for the self-employed.
This tax soaks employers to the tune of $86 billion over the next ten years.
As you can understand, there is a reason why the authors of ObamaCare wrote the law in such a way that the most brutal tax increases take effect conveniently after the 2012 election. Its the same reason President Obama, congressional Democrats, and the mainstream media conveniently neglect to mention these taxes and prefer that you simply move on after the Supreme Court ruling.
Source: Five major ObamaCare taxes that will hit your wallet in 2013 | Fox News
Obama has told us in his own words he wants:
a) Higher gas prices
b) bankrupt utilities and skyrocket utilities' costs to All Americans
c) destroy 1,300 companies that pay $100 billion a year in taxes,put out of work 400,000 people, close offices, raising property taxes..
How Obama is doing that now with Obamacare...
Five major ObamaCare taxes that will hit your wallet in 2013
1) This 2.3 percent tax on medical device makers will raise the price of (for example) every pacemaker, prosthetic limb, stent, and operating table. Can you remind us, Mr. President, how taxing medical devices will reduce the cost of health care?
The tax is particularly destructive because it is levied on gross sales and even targets companies who havent turned a profit yet.
These are often small, scrappy companies with less than 20 employees who pioneer the next generation of life-prolonging devices. In addition to raising the cost of health care, this $20 billion tax over the next ten years will not help the countrys jobs outlook, as the industry employs nearly 400,000 Americans. Several companies have already responded to the looming tax by cutting research and development budgets and laying off workers.
2)The ObamaCare High Medical Bills Tax -- Before Obamacare you could deduct 10% after 7.5%..........
This onerous tax provision will hit Americans facing the highest out-of-pocket medical bills. Currently, Americans are allowed to deduct medical expenses on their 1040 form to the extent the costs exceed 7.5 percent of ones adjusted gross income.
The new ObamaCare provision will raise that threshold to 10 percent, subjecting patients to a higher tax bill. This tax will hit pre-retirement seniors the hardest. Over the next ten years, affected Americans will pony up a minimum total of $15 billion in taxes thanks to this provision.
3) The ObamaCare Medicare Payroll Tax increase -- current 2.9% Medicare payroll tax will be increased to a total of 3.8% a big hit especially for the self-employed.
This tax soaks employers to the tune of $86 billion over the next ten years.
As you can understand, there is a reason why the authors of ObamaCare wrote the law in such a way that the most brutal tax increases take effect conveniently after the 2012 election. Its the same reason President Obama, congressional Democrats, and the mainstream media conveniently neglect to mention these taxes and prefer that you simply move on after the Supreme Court ruling.
Source: Five major ObamaCare taxes that will hit your wallet in 2013 | Fox News
