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The Fiscal Cliff’s Hidden $1 Trillion Tax Hike (CLIFF? What Cliffffffffffff.........?
Americans For Tax Reform ^ | December 28, 2012 | John Kartch

Posted on 12/29/2012 7:57:40 PM PST by yoe

According to the Congressional Budget Office (CBO), Obamacare’s twenty new or higher taxes amount to a net $1 trillion over the next decade, 2013-2022.

These tax increases are already permanent law due to Obamacare. They include the medical device tax, the surtax on investment income, the individual and employer mandate non-compliance penalty tax, the medical itemized deduction “haircut,” the hike in the Medicare payroll tax rate, and others. These tax increases total exactly $1 trillion over the next ten years:

2012 CBO Report on Revenue Effects of Obamacare

Tax Hike Provisions

Tax Hike 2013-2022

(Excerpt) Read more at atr.org ...


TOPICS: Constitution/Conservatism; Crime/Corruption; Front Page News; Government
KEYWORDS:
Oh Yooo-Hooo, the Kenyan got us!
1 posted on 12/29/2012 7:57:44 PM PST by yoe
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To: yoe
What Cliffffffffffff.........?

YYYYYYYYYAAAAAAAAAAAAAAAAAAAAAaaaaaaaaaaaaaaaaaaaaaaaa.....................................

2 posted on 12/29/2012 8:00:06 PM PST by PapaNew
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To: yoe

A trillion here, a trillion there, next thing you know you’re talking real money...


3 posted on 12/29/2012 8:03:07 PM PST by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: yoe

Gotta get every last dime out of the Taxpayer.

4 posted on 12/29/2012 8:08:36 PM PST by KC_Lion (Build the America you want to live in at your address, and keep looking up.-Sarah Palin)
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To: yoe

Over the cliff we go, laughing all the way... hohoho...


5 posted on 12/29/2012 8:12:16 PM PST by GeronL (http://asspos.blogspot.com)
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To: yoe

Spell check has failed you.

IF I were falling, it would be the “i” repeated....

Cliiiiiiiiiiiiiiiiiiiiif


6 posted on 12/29/2012 8:14:51 PM PST by G Larry (Which of Obama's policies do you think I'd support if he were white?)
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To: yoe

This is going to kill private sector hiring and eventually the private sector all together, but that’s the Regime’s goal. Government will increase it’s payroll and it’s pay raises.. The Socialists (Democrats) will stay in power permanently. All opposition parties are finished, and that includes the Republicans.


7 posted on 12/29/2012 8:18:56 PM PST by Obama_Is_Sabotaging_America (IMPEACH OBAMA)
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To: yoe; All

Resolved from the House of Representatives (H.R. 3590)
Entitled
"An act to amend the Internal Revenue Code of 1986
to modify first-time home buyers credit...

Its a tax. Kill it.

8 posted on 12/29/2012 8:23:44 PM PST by RedMDer (Those that believe in gun free zones should post gun free zone signs on their property and persons.)
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To: GeronL
Over the cliff we go, laughing all the way... hohoho...

I agree... but actually we the people, ordinary citizens, etc., will go over the cliff. The ruling elitists on the other hand (mostly demoRATs but also Repub elitists), and especially the RAT bastard commmie pig 0dumb0, will all be protected & insulated from any personal fallout or danger or financial hardship, just like Mugabe in Zimbabwe with million percent inflation, and yet he is a billionaire from U.S. aid. Likewise the commie pig 0dumb0 & his phatass she-man michelle will continue to live their lives in opulent pleasure.

Fortunately some day 0dumb0 & phatass michelle willl stand or rather kneel & bow before the Lord of Lords & King of Kings Jesus Christ, and then they will be cast into the Lake of Fire of eternity. Their money & power won't help them then.

9 posted on 12/29/2012 8:25:51 PM PST by rcrngroup
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To: PapaNew
Photobucket
10 posted on 12/29/2012 8:50:11 PM PST by baddog 219
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To: yoe

The US went over the cliff when federal debt reached 100% of GDP. The only real question is if the landing will be hard or soft.


11 posted on 12/29/2012 8:51:14 PM PST by Tai_Chung
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To: yoe

What libs don’t want to talk about is that these Obamacare taxes are going to bite whether or not we go over the fiscal cliff - they act as though the economy will be fine if we avoid the fall - but in fact it will suffer greatly once those taxes go into effect......


12 posted on 12/29/2012 8:57:33 PM PST by Intolerant in NJ
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To: yoe

I’m sick of the “Fiscal Cliff.”

Conservatives need to be better a labeling things for what they are: This is:

a) The Obamacare Cliff
b) The ObamaTax Cliff
c) The ObamaStimulus Cliff (end of false stimulus spending)
d) The ObamaSpending Cliff (more new irresponsible spending starting in 2013)

This should get out in the media. Call it like it is and don’t let the liberal media soft-pedal it as some faceless “fiscal cliff” that carries no blame.


13 posted on 12/29/2012 9:19:44 PM PST by AlanGreenSpam (Obama: The First 'American IDOL' President - sponsored by Chicago NeoCom Thugs)
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To: yoe

REMEMBER: A Billion is 1,000 Million and a Trillion is 1,000 Billion.


14 posted on 12/29/2012 9:37:09 PM PST by 2ndDivisionVet (I'll raise $2million for Sarah Palin's presidential run. What'll you do?)
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To: AlanGreenSpam
Which media exactly?

Buy a clue before the dollar is worthless. The "media" is now pravda and sorry to break it to you; FOX news is just about $$$, Rupert found a hole and filled it (business 101).

Google scrubs videos it does not like on youtube, facebook is wiping clean anything pro-2A. Time to face facts, its getting close to picking up your rifle time, not playing word games.

15 posted on 12/29/2012 9:57:01 PM PST by Michael Barnes (Obamaa+ Downgrade)
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To: Michael Barnes

Michael Barnes~:” Buy a clue before the dollar is worthless. The “media” FOX news is just about $$$, Rupert found a hole and filled it (business 101).

Google scrubs videos it does not like on youtube, facebook is wiping clean anything pro-2A. Time to face facts, its getting close to picking up your rifle time, not playing word games. “

Too true !


16 posted on 12/29/2012 10:35:43 PM PST by Tilted Irish Kilt (Disclaimer - the opinions above merely reflect the writers restricted ability to observe reality)
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To: AlanGreenSpam

AlanGreenSpam~:” Conservatives need to be better a labeling things for what they are: This is:
a) The Obamacare Cliff
b) The ObamaTax Cliff
c) The ObamaStimulus Cliff (end of false stimulus spending)
d) The ObamaSpending Cliff (more new irresponsible spending starting in 2013)”

This is an obama creation
He owns it
He created it
As the sage once said : “ “You never want a crisis to go to waste...”- Rahm Emanuel
Thus speaketh the devil’s own agent !!


17 posted on 12/29/2012 10:39:54 PM PST by Tilted Irish Kilt (Disclaimer - the opinions above merely reflect the writers restricted ability to observe reality)
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To: yoe

The medical device tax is killing my business. Three clients canceled contracts. One of them will be out of business in 6 months.


18 posted on 12/29/2012 11:24:03 PM PST by FatherofFive (Islam is evil and must be eradicated)
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To: Intolerant in NJ
What libs don’t want to talk about is that these Obamacare taxes are going to bite whether or not we go over the fiscal cliff - they act as though the economy will be fine if we avoid the fall - but in fact it will suffer greatly once those taxes go into effect......

You missed the point.

Why do you think Obama refuses to make a deal on the fiscal cliff and keeps moving the goalposts?

He needs this "crisis" to hide the tax increases contained in Obamacare. This entire charade is designed to muddy the waters so much that by the time a deal is made, Obama can take no blame for the specific taxes that went up as some will be from Obamacare and some will be from the "deal".

19 posted on 12/30/2012 4:10:55 AM PST by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
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To: Erik Latranyi
He needs this "crisis" to hide the tax increases contained in Obamacare.

Now that the bill is passed and we can see what’s in it, there is a real job killer in the medical devices tax. A 2.3% excise tax will be levied on the total revenues of a company, regardless of the amount of profit a company generates or whether a company generates a profit at all, starting in 2013. Many young or start up companies will owe more in taxes than they generate from their operations. The result will be devastating to innovation, patient care and job creation.

How does this kill jobs? The 2.3% tax is on gross revenues. To maintain profit levels, or simply break even, the company will have to raise prices (by more than 2.3% because the tax is on the gross) or cut expenses. Cutting expenses eventually means cutting people, either directly in the company or indirectly.

The people who crafted this tax rationalized that with more people covered by 0bamacare, companies will make more money. The experience with Romneycare proved otherwise. New research shows that despite providing near-universal health care coverage in the state of Massachusetts, the overwhelming percentage of medical device companies saw no increases in utilization, and in turn profits. This debunks the argument for supporters of the 2.3 % medical device excise tax.

This is also killing my business – three clients cancelled projects, citing the costs from 0bamacare.

20 posted on 12/30/2012 6:08:03 AM PST by FatherofFive (Islam is evil and must be eradicated)
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To: FatherofFive
The 2.3% tax is on gross revenues. To maintain profit levels, or simply break even, the company will have to raise prices (by more than 2.3% because the tax is on the gross) or cut expenses.

First, I was working for a sensor company whose customer base was heavily dependent on medical device companies.

I spoke with many medical device companies and they were all telling me where this was heading.

You are correct, but it gets worse.

In order to control costs, the IPAB will stop the approval of new medical devices utilizing the latest technology. At that point, medical device companies will have to milk existing systems for additional profit.

Once they cut costs, the next logical step is to outsource production to low-wage nations.

The result: a loss of US jobs and no new medical devices that will prolong lifespans.

Medical device companies will be targeted by liberals for trying to raise prices (greed) and they will be targeted for exporting jobs.

This will set the stage for nationalization of these, and other, companies.

Remember, Obamacare is just the start of taking over as much of the economy as possible. Insurance companies will fall first, followed by hospitals and clinics.

Healthcare workers (doctors, nurses) will be unionized under SEIU to ensure a permanent voting block. (imagine a conservative proposing cuts when millions depend on those jobs?)

21 posted on 12/30/2012 6:43:02 AM PST by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
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To: Erik Latranyi

I feel sick.


22 posted on 12/30/2012 6:45:29 AM PST by St_Thomas_Aquinas
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To: yoe

Dear World:

After America died, some beeyatch committed identity theft and stole all her credit cards.

The imposter posing as “America” is not my dependent, and I am responsible for no debts other than my own.

Sincerely,


23 posted on 12/30/2012 7:09:47 AM PST by fattigermaster
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To: yoe

Was watching COPS last night.

All those officers had to put on a pair of blue gloves to search a lack guy who had drugs hidden in his butt crack/anus area.

It dawned on me that EVERY municipality which has sheriff, police, EMT’s, etc, are all using a product by the barrelfull that is now subject to that 3.8% tax.

All the various districts around me are operating with many layoffs, and now they will have to pay lots more with the 3.8% tax on ‘medical devices’.


24 posted on 12/30/2012 10:55:01 AM PST by ridesthemiles
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To: Erik Latranyi
Once they cut costs, the next logical step is to outsource production to low-wage nations.

And it is not just ptoduction jobs. A buddy is outsourcing much of his accounting practice to India. He is doing it specifically to avoid 0bamacare costs

25 posted on 12/30/2012 1:28:44 PM PST by FatherofFive (Islam is evil and must be eradicated)
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To: Obama_Is_Sabotaging_America

I’m over 60 and I don’t remember there ever being much of an opposition party.


26 posted on 12/30/2012 3:17:10 PM PST by Terry Mross (I'm here for the entertainment....and I know there are people I don't like who are reading my posts.)
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To: Tilted Irish Kilt
“The “media” is now pravda and sorry to break it to you; FOX news is just about $$$, Rupert found a hole and filled it (business 101).”

Suggestion- Go to your local ham radio shop and purchase a new or used short wave radio. While you are at it, get a frequency list or have the shop owner give you some hints about finding stations. Especially interesting are Radio Canada, Radio Moscow, Radio Cuba, Voice of America, and dozens of others.

Many/most of these radios operate on 12VDC and require minimal antennat (a 40-100’ wire will unlock the world of SWL. (short wave listening) There are also numerous sites on Internet with info on listening, antennas, and stations/frequencies.

27 posted on 01/01/2013 6:48:44 PM PST by chooseascreennamepat (Have you thought about going vegan, Karl?)
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