Keyword: obamacaretax

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  • Ouch, the Bill for ObamaCare Coming Due

    09/09/2014 9:26:40 AM PDT · by Kaslin · 38 replies
    Townhall.com ^ | September 9, 2014 | Peter Morici
    The bill is coming due for ObamaCare and it’s a whopper. According to Medicare Care’s own actuaries U.S. health care spending is about to rocket. Federal meddling in what was once the finest and cost-effective health care system on the planet is nothing new. Back in the 1960s, many Americans paid for doctor and hospital services out of pocket or through modestly priced private insurance. Health care spending was about 6 percent of GDP. Enter President Johnson and Medicare. He bought millions of votes by giving seniors free health care that they never paid for through payroll taxes during their...
  • Thousands Of Firms Aren't Paying An "Obamacare Tax", IRS Audit Finds 24% Shortfall

    08/20/2014 9:37:29 AM PDT · by SeekAndFind · 8 replies
    Zero Hedge ^ | 08/20/2014 | Tyler Durden
    It appears Sen. Orin Hatch's comment that "everything from this ill-conceived tax's structure to its implementation has been a disaster," are coming true. As AP reports, an "Obamacare" tax on medical devices is falling short of its revenue target because thousands of companies aren't paying it, according to a government audit released Tuesday. An audit found the IRS received only 5,107 returns (against expectations of over 9,000) with a 24% shortfall in revenues. The tax is projected to generate $29 billion over the coming decade, so a 24 percent shortfall - if it were sustained - would be significant. As...
  • ObamaCare tax not meeting revenue target because companies not paying, audit finds

    08/19/2014 7:22:02 PM PDT · by george76 · 13 replies
    Associated Press ^ | August 19, 2014
    An ObamaCare tax on medical devices is falling short of its revenue target because thousands of companies aren't paying it, according to a government audit released Tuesday. The audit by the Treasury inspector general for tax administration says the IRS needs to do a better job policing the tax. The tax agency, however, doesn't have adequate tools to identify which companies owe it, the audit said.
  • Appeals court upholds Obamacare tax as constitutional

    07/29/2014 9:32:29 AM PDT · by jazusamo · 97 replies
    The Washington Times ^ | July 29, 2014 | Stephen Dinan
    A key appeals court on Tuesday ruled that despite including a tax, Obamacare doesn’t violate the Constitution’s requirement that all tax bills originate in the House of Representatives, giving the Obama administration another health care win. The three-judge panel of the U.S. Circuit Court of Appeals for the District of Columbia said that the Obamacare tax was “incidental” to the primary purpose of the Affordable Care Act, so it isn’t a revenue-raising measure as envisioned by the Constitution. “Some exercises of the taxing power are not subject to the Origination Clause,” the unanimous panel concluded. The issue had been in...
  • Obama Official: The Obamacare "Bailout" Of Insurers Will Be Financed By A New Tax On Everyone's Plan

    06/19/2014 6:39:48 AM PDT · by Oldeconomybuyer · 22 replies
    Forbes ^ | June 19, 2014 | By Dr. Scott Gottlieb
    For months, there have been assertions that the mechanisms embedded in Obamacare, designed to offset losses that insurance companies will take this year on their exchange business, amount to a bailout of the insurance industry. At the same time, it wasn’t clear where the money to pay for these “risk adjustments” would come from in the first place. Now we know where the “bailout” money is going to come from. It will be paid for by a new tax levied on the insurance companies. Since Obamacare health plans were prevented from pricing products to reflect true risk, they were always...
  • Colorado unveils Obamacare tax to boost struggling state exchange

    06/12/2014 6:03:07 AM PDT · by george76 · 35 replies
    Washington Times ^ | June 10, 2014 | Valerie Richardson
    Colorado will begin charging an Obamacare tax next month on all health insurance policies — even those obtained through private employers — to help prop up the state’s struggling health care exchange. ... Republicans have called the Obamacare tax unconstitutional, given that the state’s constitution requires voters to approve any tax increases, but exchange managers insist it’s a fee, not a tax.
  • It’s Not an Obamacare Tax: It’s an “Individual Shared Responsibility Payment”

    03/09/2014 7:06:43 AM PDT · by Kaslin · 27 replies
    Townhall.com ^ | March 9, 2014 | Michael Schaus
    Here’s your Orwellian Phrase for the Week: Individual shared responsibility payment. Yeah… Go ahead and try to wrap your brain around that amalgamation of contradictory concepts. The phrase is not gleamed from some glossy DNC spin-office, or a Harvard professor’s latest psychobabble posing as an academic paper. Apparently the phrase is the IRS’s fancy (new) term for the Obamacare Mandate tax that individuals will have to pay if they fail to get health insurance this year. As reported by Americans for Tax Reform: If you (or any of your dependents) do not maintain coverage and do not qualify for an...
  • Obamacare Exchange Now Asks for Fee on all Insurance Policies

    04/23/2014 2:20:20 PM PDT · by lowbridge · 17 replies
    http://freedomoutpost.com ^ | april 23, 2014 | greg campbell
    The fee would pay for half of the annual operating costs of Connect for Health Colorado, the state Obamacare exchange, according to Health News Colorado. The exchange’s latest financial plan comes soon after its oversight board rejected a proposal to hike fees on those who use the website from 1.4 percent to 1.7 percent. Connect for Health Colorado staff has said the increase was needed to keep it solvent. Board members said staff should look at cutting expenses before raising fees, and many had the same reaction to the proposed $13 million fee, which is being called a “general market health insurer assessment.” Others call it...
  • ACA Penalty: What You Need to Know(I thought it was a tax?)

    03/27/2014 4:44:34 PM PDT · by mdittmar · 19 replies
    NBC Connecticut ^ | Mar 27, 2014 | Jeff Saperstone
    March 31 is the deadline to enroll for health coverage under the Affordable Care Act. After that day, individuals without insurance could face a penalty. That penalty is $95 or 1% of your income, whichever is more. Even though the White House extended that deadline, the State of Connecticut is not. Monday remains the deadline but there are some exceptions that would allow you to enroll after then without penalty. "If you have some sort of a life status change: a divorce or death, loss of insurance coverage through an employer, those would be considered life status changes and you...
  • You Might Pay A Lot More Than $95 For Skipping Health Insurance

    03/12/2014 3:11:03 PM PDT · by SeekAndFind · 22 replies
    NPR ^ | 03/12/2014 | Julie Rovner
    2014 is the first year most Americans will have to either have health insurance or face a tax penalty. But most people who are aware of the penalty think it's pretty small, at least for this first year. And that could turn into an expensive mistake. "I'd say the vast majority of people I've dealt with really believe that the penalty is only $95, if they know about it at all," says Brian Haile, senior vice president for health policy at Jackson Hewitt Tax Service. "And when people find out, they're stunned. It's much, much higher than they would expect."...
  • Thune: ‘Every American Ought to be Outraged’ at Obamacare Tax Break for Unions

    03/10/2014 9:48:39 PM PDT · by Nachum · 23 replies
    Free Beacon ^ | 3/10/14 | Washington Free Beacon Staff
    Sen. John Thune (R., S.D.) called out the Obama administration for an “outrageous” Obamacare tax exemption for certain unions that he says will be passed on to the American people. “Every American ought to be outraged,” he said. “This is cronyism at its worst. Basically, what the president said was that he and his friends are above the law, because there is a reinsurance tax in Obamacare that’s designed to apply to all self-insured plans. And what the president did is he waived that for certain, self-insured, self-administered plans, namely unions, so they don’t have to pay that tax. And...
  • Shocker: IRS estimates cheapest Obamacare plan $20k per family in 2016

    03/06/2014 7:54:53 AM PST · by SeekAndFind · 59 replies
    American Thinker ^ | 03/06/2014 | Thomas Lifson
    In an official document, the Internal Revenue Service, the enforcer of Obamacare’s mandates, is estimating that the cheapest Obamacare plan (the Bronze level of coverage) will cost a family of four $20,000 per year. Matt Cover of CNS News writes: The IRS's assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan. The examples point to families of four and families of five, both of...
  • House to Vote on Making Fine for Disobeying Obamacare Individual Mandate $0

    03/05/2014 10:41:35 AM PST · by Kaslin · 40 replies
    TWS ^ | March 5, 2014 | JEFFREY H. ANDERSON
    The House of Representatives is scheduled to vote on Wednesday to reduce the fine/“tax” for violating Obamacare’s individual mandate this year to $0. It will be interesting to see how Democrats in both the House and Senate react. President Obama has plainly violated the law—and the constitutional separation of powers—by unilaterally delaying the individual mandate for some people (those who liked their health plan but got a cancellation notice) and by unilaterally delaying the employer mandate. Given these extralegal executive actions, and given the technological train wreck than the Obamacare exchange rollout has been, it would seem to be a...
  • IRS: Obamacare Cheapest Plan $20,000 Per Family in 2016

    (CNSNews.com) – In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS. The IRS's assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan. The examples...
  • IRS Warns: Obamacare Tax Must Be Paid with Tax Return

    02/25/2014 8:01:51 PM PST · by Mariner · 125 replies
    Americans for Tax Reform ^ | Tuesday, February 25, 2014 6:20 PM EST | John Kartch
    GET INVOLVED Email:* Zip Code: *Required Privacy Policy Email Print Tuesday, February 25, 2014 6:20 PM EST John Kartch Related Items Grover Norquist discusses the Obamacare Cover Up Obamacare Exchanges Enroll Only 51,000 Uninsured Americans The Obamacare Signup Cover-up Daily Media Spotlight for August 15, 2013 Read More IRS Warns: Obamacare Tax Must Be Paid with Tax Return Agency employs Orwellian term “Shared Responsibility Payment” to describe Obamacare individual mandate tax. President Obama’s Internal Revenue Service today quietly released a series of Obamacare “Health Care Tax Tips” warning Americans that they must obtain “qualifying” health insurance – as defined by...
  • IRS Warns: Obamacare Tax Must Be Paid with Tax Return

    02/25/2014 6:08:31 PM PST · by MeshugeMikey · 80 replies
    Your 2014 tax return will ask if you had insurance coverage or qualified for an exemption. If not, you may owe a shared responsibility payment when you file in 2015.
  • The Ghost and John Roberts: The Plot Thickens on the Obamacare Decision

    02/05/2014 7:59:17 AM PST · by SeekAndFind · 63 replies
    American Thinker ^ | 02/05/2014 | Bill Dunne
    The chief justice must have "gone off his meds." No, it was blackmail. No, it was cowardice. He caved. It was a perverse abdication of his fundamental responsibility. Those are some of the many disputations that came in to American Thinker regarding my exploration of another possible explanation for why Chief Justice John Roberts chose, astonishingly, to keep the "Affordable Care Act" alive and kicking.("The Roberts Trap Is Sprung", American Thinker, Jan. 2) Of the nearly 680 comments, roughly four out of five were against the thesis I advanced, which is that Roberts ruled as he did because he foresaw...
  • Obamacare's 'mandate' meltdown

    02/01/2014 11:05:07 AM PST · by 1rudeboy · 37 replies
    AEI ^ | Jan.19, 2014 | James C. Capretta, Jeffrey H. Anderson
    The president and his Democratic allies are finding it harder to make people buy insurance than they’d expected. Will Obamacare’s individual mandate survive? Last month, the administration announced that anyone with a canceled 2013 individual insurance plan would be exempt from the “individual-responsibility requirement” this year, and would be allowed to buy the catastrophe-only insurance previously offered to those age 30 or under. This exemption is likely only the first of many. How, for one, can the administration exempt people who had insurance last year but not exempt people who were uninsured because they couldn’t afford coverage? Obamacare’s architects were...
  • A Simple Alternative to the ObamaCare Mandate

    01/25/2014 6:47:42 AM PST · by Kaslin · 9 replies
    Townhall.com ^ | January 25, 2014 | John C. Goodman
    The health reform law is trying to force $15 an hour workers and their employers to buy more than a million dollars of coverage when they don't have anything like a million dollars in assets to protect. Further, some of these families are being forced to give up "mini-med" plans that paid the first $2,000 or $3,000 of medical bills and enroll in plans with deductibles of $10,000 or more. Why do we need to force a family at this income level need to pay the first $10,000 of medical costs? We don't. I can think of only two reasons...
  • Obamacare tax credit suit rejected

    01/15/2014 2:07:56 PM PST · by Theoria · 7 replies
    Politico ^ | 15 Jan 2014 | JASON MILLMAN
    A District of Columbia federal judge rejected a lawsuit Wednesday that challenged tax credits for Obamacare coverage in the 36 states with federal-run exchanges – one of the most significant remaining legal fights over President Barack Obama’s health care law.The four individuals who brought the lawsuit, Halbig v. Sebelius, had argued that the IRS overstepped its legal authority by allowing federal-run exchanges to provide tax credits for people who purchase health insurance. They contended that the Affordable Care Act only allows for state-run exchanges to access such credits and that Congress purposefully designed the law that way to incentivize states...
  • A health industry expert on ‘the fundamental problem with Obamacare’ (They can't collect the tax)

    01/12/2014 10:30:40 AM PST · by 2ndDivisionVet · 15 replies
    The Washington Post ^ | January 9, 2014 | Ezra Klein
    Ezra Klein: Give me your status report on Obamacare. Where do you think the law stands now? Robert Laszewski: They’re about where I expected them to be. HealthCare.Gov on the front-end is in pretty good shape. It’s where it should’ve been at launch. The back-end is still highly problematic. Clearly the administration put its emphasis on the consumer side. Insurers are still seeing errors in probably 5 percent of the files coming through. That’s compounded by the issue of all the people enrolling in the last few weeks. That’s a huge surge that would create customer-service problems in the best...
  • Was Justice Roberts’ ObamaCare ruling a curse for Republicans, or a blessing?

    01/11/2014 9:03:57 AM PST · by Oldpuppymax · 54 replies
    Coach is Right ^ | 1/11/14 | Doug Book
    When Chief Justice John Roberts sided with the Supreme Court’s Marxist bloc in ruling the Affordable Care Act’s individual mandate constitutional, stunned conservatives immediately accused him of committing an “act of judicial cowardice.” “It is not our job to protect the people from the consequences of their political choices,” wrote the supremely hypocritical Roberts as he shattered one of the first rules of judicial restraint by rewriting sections of ObamaCare from the bench. Although he refused to “protect” the people from a wanton abuse of power, he was more than willing to protect DC lawmakers from the consequences of passing...
  • Federal law says you CAN opt out of Obamacare and CAN NOT be penalized if you do

    01/09/2014 8:58:27 AM PST · by Lucky9teen · 43 replies
    The DC Clothesline ^ | January 9, 2014 | Dr. Eowyn
    Ever heard of a federal law 42 USC § 18115: Freedom Not to Participate in Federal Health Insurance Programs? I haven’t either.But thanks to FOTM reader Joseph, now we all do!This is how Cornell University Law School’s website describes 42 USC § 18115: No individual, company, business, nonprofit entity, or health insurance issuer offering group or individual health insurance coverage shall be required to participate in any Federal health insurance program created under this Act(or any amendments made by this Act), or in any Federal health insurance program expanded by this Act (or any such amendments), and there shall be no penalty or fine imposed upon any such...
  • In Praise of John Roberts: Obamacare is indeed a tax, and an onerous one at that

    12/11/2013 10:10:19 AM PST · by SeekAndFind · 77 replies
    Pajamas Media ^ | 12/11/2013 | by Michael Walsh
    Why is this man smirking? OK, not really praise; Roberts’s failure to strangle the Obamacare baby in its crib when he had the chance will go down alongside the Dred Scott decision as one of the greatest moral disasters in the history of the republic. The man in charge of enforcing the Constitution blinked when confronted with a triumphalist party and a then-popular president, forgetting that he, Roberts, would likely be in Washington long after Obama was gone. In an attempt to save the Supreme Court’s reputation and standing, he destroyed it.Still, even if inadvertently, Roberts got one thing right:...
  • ObamaCare Woes Intensify

    11/26/2013 12:29:31 PM PST · by rightwingerpatriot · 7 replies
    RightWingPatriot.com ^ | November 26, 2013 | RightWingPatriot
    It seems that the crumbling house of cards that is ObamaCare continues to crumble. Every day, some new scandal is reported, new heart-breaking stories of hard-working Americans losing their health insurance, and legal challenges mount. It's so bad that Obama supporters are madly spinning lies in the vain hope that the public will continue to be fooled despite the curtain already having been drawn back. Obama has done his best to deflect the mounting criticism over his so-called Affordable Care Act by pointing at the economy, making a terrible deal with Iran that lets them continue enriching uranium, and embarking...
  • Obamashock! Work More, Get Less!

    11/21/2013 8:47:22 AM PST · by Kaslin · 15 replies
    Townhall.com ^ | November 21, 2013 | Mike Shedlock
    The idea behind Obamacare is to make the young and the healthy overpay for insurance to subsidize everyone else. In an effort to persuade individuals to purchase insurance, the law provides a scale of escalating penalties starting in 2014 and increasing in 2015, then again in 2016. Actually, there are two penalty rates, and you pay the higher of the two, not both. 2014 Penalties 1% of your yearly household income. The maximum penalty is the national average yearly premium for a bronze plan.$95 per adult ($47.50 per child under 18). The maximum penalty per family using this method is...
  • Obamacare may need a taxpayer bailout: Ex-HHS head

    11/19/2013 7:53:41 AM PST · by Red in Blue PA · 53 replies
    The rollout of Obamacare has been "absolutely chaotic," said Tommy Thompson, who served as U.S. Health and Human Services secretary under George W. Bush. But worse, he added, the new law is flawed and needs dramatic changes. "It's actuarially unsound," the former Republican governor of Wisconsin said on CNBC's "Squawk Box" on Tuesday. "If you don't have the healthy young people involved, ... Obamacare cannot function. It's going to require a huge infusion of tax dollars or huge cuts." One of the cornerstones of the new health-care law is that healthy young people will pay for medical insurance that they...
  • If obamacare is a tax how can the waivers not be unconstitutional?

    11/09/2013 4:47:50 AM PST · by Red in Blue PA · 24 replies
    Like the thread title says, taxes cannot be selectively enforced. If obamacare is a tax, this would seem like an open and shut case for the courts where every single waiver is Unconstitutional.
  • Obama: Most People Will Be Better Off, "They Don't Necessarily Know It Right Now" (video)

    11/07/2013 5:01:42 PM PST · by i88schwartz · 57 replies
    RealClearPolitics ^ | November 7, 2013 | RealClearPolitics
    OBAMA: So, the majority of folks will end up being better off, of course, because the website's not working right. They don’t necessarily know it right [now]. But, even though it's a small percentage of folks who may be disadvantaged, you know, it means a lot to them. And it's scary to them...
  • What the Obama-care law text REALLY says on IRS enforcement of the personal Mandate fine/tax

    10/16/2013 7:50:01 AM PDT · by sickoflibs · 61 replies
    GPO via govtrack. us congress bills site ^ | 10/16/2013 | sickoflibs and text of law
    Every time I post that the IRS is clearly forbidden from punishing you for not paying the fine/tax, I get the same fictional responses. Maybe their goal is to make it sound so scary so that Obamacare gets magically repealed(poof) , but given that wont happen anytime soon this misinformation can have the unintended consequence of fooling/scaring people into complying and helping make Obamacare work. I found the section in the bill text and will posted it below as a vanity for future reference skip tp SPECIAL RULES. CHAPTER 48—MAINTENANCE OF MINIMUM ESSENTIAL COVERAGE ‘Sec. 5000A. Requirement to maintain minimum...
  • Obamacare penalties

    10/21/2013 9:12:37 PM PDT · by LeoWindhorse · 59 replies
    vanity | Oct 21 , 2013 | self
    Resist and Ignore Obamacare . When you go into overtime without signing up , resist . Do not pay any penalties , refuse to play the game 100% . Just Say No. If millions and millions of Americans just totally shine this on and ignore the whole thing , what can they do ? Ideas ? What can they do ? Massive passive resistance is in order here . To hell with tyranny . Sic Semper Tyranus
  • Sebelius: Obamacare Is Success If 16.9% of Uninsured Enroll by End of March

    10/01/2013 7:53:55 AM PDT · by Rusty0604 · 38 replies
    CNS News ^ | 10/01/2013 | Susan Jones
    "I think success looks like at least 7 million people having signed up by the end of March 2014," Sebelius told NBC's Nancy Snyderman. But 7 million is only 16.9 percent of the 41.3 million Americans who, according to HHS, are currently uninsured and eligible to get coverage "It's a debate," Sebelius told NBC. "Do you want to have protection for basically every checkup, every visit, everything that you do -- or do you have a situation where you are making a determination where you and your family don't use medical services that much and you want to make sure...
  • The One Word Missing From All Those ObamaCare Ads

    09/30/2013 12:03:17 PM PDT · by IBD editorial writer · 6 replies
    Investor's Business Daily ^ | 09/30/2013 | John Merline
    In a speech at a Maryland community college last week promoting his namesake health reform law, President Obama mentioned the word "benefits" 10 times. Free preventive care, coverage for children up to age 26, a better drug plan for seniors. "We're giving more benefits and protections," he said. But there was one word Obama didn't mention once in his entire 51-minute talk. And that word was "mandate." That's despite the fact that a central feature of ObamaCare is the requirement that all those adoring young people buy insurance or pay a fine, and is the key to whatever chances of...
  • ObamaCare: Should You Pay the Premium or the Tax?

    09/22/2013 5:44:23 AM PDT · by Kaslin · 41 replies
    Townhall.com ^ | September 22, 2013 | Political Calculations
    When it comes to ObamaCare, should you pay the premium for buying health insurance on your state's exchange, or would you be better off skipping it and paying the "penalty" tax instead? In two weeks time from this writing, you may find yourself having to answer that question, and the answer may not be what you think. In setting up the its system for mandating that all Americans have health insurance, the Patient Protection and Affordable Care Act (PPACA) actually creates some really perverse incentives that may make it more desirable for people to dump their health insurance coverage instead....
  • Here's What Happens If You Don't Sign Up For Obamacare (Sorting out the confusion)

    07/02/2013 8:11:52 AM PDT · by SeekAndFind · 69 replies
    Business Insider ^ | 07/02/2013 | MANDI WOODRUFF
    We're months away from cutting the ribbon on the new online marketplace for health insurance, but the vast majority of uninsured Americans — the very people the Affordable Care Act is meant to help — still have no idea whether they'll be in the shopping mood or not. According to a recent survey, nearly two-thirds of uninsured Americans say they haven't decided whether or not they'll buy health insurance by the Jan. 1, 2014 deadline (even though they'll have to pay a penalty if they don't). Another 10% say they flat out won't buy in at all. We understand the...
  • In U.S., 43% of Uninsured Unaware They Must Get Coverage [Or be fined (taxed)]

    06/28/2013 8:25:52 AM PDT · by SeekAndFind · 71 replies
    Gallup ^ | 06/28/2013 | Jeffrey M. Jones
    The vast majority of Americans, 81%, say they are aware of the 2010 Affordable Care Act's (ACA's) requirement that most Americans must carry health insurance or pay a fine. Americans who are currently uninsured -- those most directly affected by this requirement -- are much less likely to be aware of the provision, with 56% saying they know about it and 43% saying they are unaware. The results are based on a June 20-24 Gallup poll, which asked a series of questions on the ACA, the comprehensive healthcare reform bill signed into law by President Obama in 2010. Many of...
  • Obamacare’s Tax Hike Train Wreck

    04/30/2013 3:37:59 PM PDT · by Hojczyk · 12 replies
    Starting in tax year 2013: Obamacare Surtax on Investment Income: A new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). Obamacare Medicare Payroll Tax Increase: Obamacare Medical Device Tax: Medical device manufacturers employ 409,000 people in 12,000 plants across the country. Obamacare imposes a new 2.3 percent excise tax on gross sales – even if the company does not earn a profit in a given year. Obamacare High Medical Bills Tax: Before Obamacare, Americans facing high medical expenses were allowed a deduction to the extent that those expenses exceed 7.5 percent of adjusted...
  • Going Out of Business: How ObamaCare will Hurt American Businesses [accurate predictions from 2009]

    04/03/2013 5:11:20 PM PDT · by grundle · 4 replies
    Heritage Foundation ^ | September 23, 2009
    A Costly Employer Mandate It's a Regressive Tax:The House and Senate draft proposals for health care reform include employer mandates that require employers to pay higher taxes (as much as an 8% payroll tax) if they do not offer health insurance or if they offer it but some employees decline it and use the government system. The result of such a tax penalty will cause lower pay and job losses, especially for low-income workers. By the Numbers: According to The Heritage Foundation, the mandates could cost businesses up to $49 billion a year, 10.2 million workers will be at risk...
  • The ObamaCare tax credit trap (Despite promise, Obama raised taxes on the Middle-Class)

    04/03/2013 3:32:29 AM PDT · by tobyhill · 18 replies
    Red State ^ | 4/3/2013 | By: John Hayward
    Then-House Speaker Nancy Pelosi encouraged us to pass ObamaCare to find out what was in it. Here’s the latest grisly surprise, courtesy of the Associated Press: Millions of people who take advantage of government subsidies to help buy health insurance next year could get stung by surprise tax bills if they don’t accurately project their income. President Barack Obama’s new health care law will offer subsidies to help people buy private health insurance on state-based exchanges, if they don’t already get coverage through their employers. The subsidies are based on income. The lower your income, the bigger the subsidy. But...
  • Sequester won’t interrupt collection of taxes from 'ObamaCare'

    04/01/2013 12:11:04 PM PDT · by SeekAndFind · 1 replies
    The Hill ^ | 03/2013 | By Bernie Becker and Sam Baker
    Implementation of the taxes and fees from President Obama’s healthcare law is on track despite the cutbacks at the IRS from sequestration. The Affordable Care Act (ACA), enacted 2010 and derided by Republicans as “ObamaCare,” contains the broadest set of tax changes enacted in some two decades — more than 40 alterations in all, including penalties on people who choose not to purchase insurance. But while IRS and Treasury officials have warned of reduced services as employees are furloughed under the sequester, neither agency has expressed any concern that the automatic spending cuts would delay the rollout of the healthcare...
  • Egyptian Cleric Dr. Khaled Said: U.S. Aid to Egypt Constitutes Jizya Tax

    03/30/2013 11:24:44 AM PDT · by DeoVindiceSicSemperTyrannis · 14 replies
    MEMRI TV ^ | 3-17-13 | Al-Hafez TV (Saudi Arabia/Egypt)
    Following are excerpts from an interview with Egyptian cleric Dr. Khaled Said, which aired on Al-Hafez TV (via the Internet) on March 17, 2013. Khaled Said: If the revolution declares a framework for dealing with the West and America – they will accept it, kiss our hands, and double the aid they give us. We consider this aid to be jizya [poll tax], not regular aid. Interviewer: Is this the rhetoric of the revolution? Khaled Said: It certainly is. Interviewer: The aid the Americans give us is the jizya tax they have to pay? Khaled Said: Yes, it is. They...
  • States balk at $15B Obama healthcare 'tax'

    03/10/2013 3:28:59 AM PDT · by Libloather · 17 replies
    The Hill ^ | 3/08/13 | Ben Goad
    A newly unveiled component of President Obama’s healthcare law forcing insurers to pay annual fees is sowing angst in state capitols, where officials view the provision as a $15 billion tax that could disrupt Medicaid programs and other services. The health insurance providers fee, included in the healthcare reform law over the objections of congressional Republicans, is designed to raise tens of billions of dollars in the coming years. In Wisconsin alone, the fee would hit the state’s coffers to the tune of $23 million in 2014, and will likely total more than that in subsequent years, said J.P. Wieske,...
  • ObamaCare and the 'RobertsTax': Is a tax that can't be collected an actual tax?

    03/05/2013 8:05:42 AM PST · by SeekAndFind · 9 replies
    American Thinker ^ | 03/05/2013 | Jon N. Hall
    One of the necessary features of any law is enforcement. Taxes are laws, and if you don't pay your taxes, the government swoops down on you like a raptor on a rodent. You then must either pay up or prove that you don't owe the money the government says you owe. Otherwise, government can garnish your wages, take your house, or maybe even put you in prison. None of that applies to the "tax" that Chief Justice John Roberts "discovered" in the Affordable Care Act, which the legislation had mistakenly labeled a "penalty" for noncompliance with the mandate to buy...
  • IRS: How should we treat the new health insurer "fee"? (New Commiecare™ excise tax)

    03/04/2013 4:54:45 PM PST · by Libloather · 9 replies
    Life Health Pro ^ | 3/01/13 | Allison Bell
    The Internal Revenue Service (IRS) has posted a draft of proposed "health insurance providers fee" (RIN 1545-BL20) regulations. Consumer representatives and others are trying to get the IRS to write the regulations in such a way that the agency will discourage health insurance providers from trying to "recover a large portion of the fee from policyholders," officials said in a preamble to draft regulations. The rulemaking notice is set to appear in the Federal Register Monday. Comments will be due 60 days after the official publication date. The fee The proposed regulations are supposed to help the IRS implement Section...
  • The Unsung, But Massive Obamacare Sales Tax Increase That Is On the Way

    02/21/2013 5:45:00 PM PST · by Lorianne · 2 replies
    Forbes ^ | 15 February 2013
    Today, America’s Health Insurance Plans (AHIP) President Karen Ignagni issued a press release in support of bipartisan legislation (H.R. 1370, S.1880) co-sponsored by Rep. Charles Boustany (R-LA) and Jim Matheson (D-UT) to repeal the Affordable Care Act’s (ACA) health insurance tax. While much of the dialogue on healthcare reform centers on the federal mandate of health coverage for all Americans – which many conservatives call the largest tax increase in U.S history – less attention is being given to the massive sales tax increase on the purchase of health insurance also implicit within the legislation that will dramatically escalate costs...
  • SURPRISE ! – Well, notsomuch for y’all but: New Obamacare Tax Showing Up On Receipts….

    01/03/2013 6:14:41 AM PST · by Uncle Chip · 19 replies
    The Conservative Treehouse ^ | January 3, 2013 | Sundance
    #1 Here comes some of those Obama care taxes on Jan 1, 2013. Soon every purchase you make, there will be more taxes. On 103.98 I was charged 8.58 for Texas state taxes. And then Obama care medical tax another 2.39. So the more you spend , the more goes to the “so called free Obama care”. ........................ #2 O didn’t raise taxes, now did he. Here’s another ObamaTax receipt so you KNOW this is real. They should put ObamaTax on these so people know what they are paying.....
  • The ObamaCare Fiscal Cliff

    12/22/2012 4:59:44 AM PST · by Kaslin · 8 replies
    Townhall.com ^ | December 22, 2012 | John C. Goodman
    In the standoff over the fiscal cliff, all the discussion has been about the Bush tax cuts. There has been no discussion about the ObamaCare tax increases. That's a mistake. Five of the tax increases Americans will face on January 1 are new taxes created under the Affordable Care Act (ObamaCare). And they are not just for the very rich. Three of the five will hit people who are solidly middle class.The new ObamaCare taxes will hit everything from dividends and capital gains to day care and services for special needs children. They will increase the tax bill for those...
  • Tax penalty to hit nearly 6M uninsured people (OBAMACARE)

    09/19/2012 1:13:23 PM PDT · by GeorgeWashingtonsGhost · 18 replies
    Drudge Report ^ | September 19, 2012 | RICARDO ALONSO-ZALDIVAR
    WASHINGTON (AP) — Congressional budget analysts are now estimating that nearly 6 million Americans — most of them in the middle class — will have to pay a tax penalty for not getting health insurance once President Barack Obama's health care law is fully in place.
  • CBO raises estimate of those hit by Obama health care tax

    09/19/2012 1:59:33 PM PDT · by Free ThinkerNY · 12 replies
    The Washington Times ^ | Sept. 19, 2012 | Paige Winfield Cunningham
    Six million Americans will pay the health care tax rather than obtain coverage under President Obama’s health care law, according to a new Congressional Budget Office estimate Wednesday — a 50 percent increase over CBO’s estimate of just two years ago. CBO also said there will be 30 million people without insurance, though all but the 6 million will be exempt from the tax. The exempt Americans are a combination of illegal immigrants and those with incomes too low to pay income taxes. The agency said the government will collect about $7 billion from the tax in 2016, and $8...
  • Tax Compliance for Obamacare Amounts to 80 Million Hours

    09/18/2012 7:23:41 AM PDT · by 92nina · 3 replies
    ATR ^ | 2012-09-18 | Rhett Brooks
    The House Committee on Ways and Means has compiled an estimate of the total amount of hours it will take to comply with the taxes contained in Obamacare. Based on IRS estimates, it will take nearly 80 million hours for families and businesses to comply with Obamacare taxes. To put this in perspective, according to Ways and Means, it is the equivalent of the Empire State Building being constructed 11 times, a building which took 7 million man-hours to build. To make matters worse, Ways and Means has concluded that over half of the burden of tax compliance for Obamacare...