Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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:
Navigation: use the links below to view more comments.
first 1-2021-27 next last
Oh Yooo-Hooo, the Kenyan got us!
1 posted on 12/29/2012 7:57:44 PM PST by yoe
[ Post Reply | Private Reply | View Replies]

To: yoe
What Cliffffffffffff.........?

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

2 posted on 12/29/2012 8:00:06 PM PST by PapaNew
[ Post Reply | Private Reply | To 1 | View Replies]

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!)
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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?)
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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.)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 5 | View Replies]

To: PapaNew
Photobucket
10 posted on 12/29/2012 8:50:11 PM PST by baddog 219
[ Post Reply | Private Reply | To 2 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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?)
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 13 | View Replies]

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)
[ Post Reply | Private Reply | To 15 | View Replies]

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)
[ Post Reply | Private Reply | To 13 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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.)
[ Post Reply | Private Reply | To 12 | View Replies]

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)
[ Post Reply | Private Reply | To 19 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-27 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson