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Obamacare’s First Birthday Commemorates Twenty One New or Higher Taxes [Obama Loves Taxes.]
ATR | 2011-02-21 | Ryan Ellis

Posted on 03/23/2011 12:46:34 PM PDT by 92nina

...18. Employer Reporting of Insurance on W-2(Min$/Jan 2011): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957

19. Corporate 1099-MISC Information Reporting($17.1 bil/Jan 2012): Requires businesses to send 1099-MISC information tax forms to corporations (currently limited to individuals), a huge compliance burden for small employers. Bill: PPACA; Page: 1,960-1,961

20. “Black liquor” tax hike(Tax hike of $23.6 billion). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105

21. Codification of the “economic substance doctrine”(Tax hike of $4.5 billion). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113

Read more: http://www.atr.org/obamacares-first-birthday-commemorates-twenty-one-a5963#ixzz1HS7JHwCi


TOPICS: Business/Economy; Government; Health/Medicine; Reference
KEYWORDS: bho44; corruption; obama; taxes
The president wants to feel our pain; no wait, he wants us to feel his pain; heck, just over two years into his term I feel bad.

Take this article and others I found to the fight to the Libs on their own turf; put the Left on the defensive at at Digg and at Reddit and at Delicious and Stumbleupon

1 posted on 03/23/2011 12:46:39 PM PDT by 92nina
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