NOTHING will sell if it can be put off at all until this is undone. Only in the most dire circumstances will people pay nearly 44% tax on capital gains.
The economy will dry up like a prune.
I seriously doubt that the sheeple will really understand the full impact of this monstrosity until the entire medical system starts to disintegrate.
Thanks for posting this very informative article on the “REAL COST” of OBMADOESN’TCARE!
This does not highlight the other Real Costs of Doctors who won’t be there anymore, the huge Bureaucracys we will have to deal with, the Death Panels that will rule on the Elderlys’ Economic Viabilty and remember Obama HUSSEIN said this was a step towards their ultimate goal of single payer Healthcare! I’m old enough, this Abortion might not have direct impacts on me, but I fear for my children and theirs and FREEDOM and Our Constitution and America!
May GOD SAVE AMERICA and send this Madman Muslim Terrorist back to KENYA for his retirement years! AMEN!
If you earn under $9000 you don’t have to pay any penalty. That is declared income of course. So all the illegal aliens and millions of other poor getting paid off the books or doing nothing but sucking off the Gov’t will pay nothing. If they get sick they can head to the emergency room same as they do today
You and me will pay their freight
Either ATR or BI blew it, from my memory and our participation it is a current max of $5,000.
Still those that max it out for co-pays are gonna get wacked.
Ditto those HSA-MSA subscribers that use the FSA to truly offset their high deductible....
MSA-HSA's go way just like the college insurance plans and all the small plans i.e the McDonald Plans and all new plans have to meet the "conforming" model which is akin to a Cadillac Plan Blue Cross Blue Shield Plan.
Can you say the total destruction of "Contract Law"? Look how many "contracts" destroyed with this? And that is even getting to what happened to "Catholic Contracts"!
I had heard that there was a 1% bank tax that is in that bill- any bank transaction including direct deposit, paying bills, cashing a check, writing a check, transferring funds- would be taxed at 1%. Does anyone know if that is true?
We all knew this here...
I portend that the Bush tax changes of 2003 where Divee's got parody with Cap Gains did more for the investor / economy than we will ever know.
That was a Bill Archer from TX idea if my memory is correct...
Dividend stocks is one of the few havens left for Seniors looking for yield. They might sell out of them and the further de-leveraging of all our unrealized capital new worth errodes under this despot...
Again Houses, GM-Bond-Holders, many 401k's in general and now specifically Dividends take a hit.
After all, how dare these Corporations play G-D and share the wealth, Only I, Barack Insane Obama can determine who shares the WEALTH....
Time to hide your money in the mattress.