Gotta get every last dime out of the Taxpayer.
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 ...
YYYYYYYYYAAAAAAAAAAAAAAAAAAAAAaaaaaaaaaaaaaaaaaaaaaaaa.....................................
A trillion here, a trillion there, next thing you know you’re talking real money...
Gotta get every last dime out of the Taxpayer.
Over the cliff we go, laughing all the way... hohoho...
Spell check has failed you.
IF I were falling, it would be the “i” repeated....
Cliiiiiiiiiiiiiiiiiiiiif
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.
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.
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.
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......
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.
REMEMBER: A Billion is 1,000 Million and a Trillion is 1,000 Billion.
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 $$$, Rupert found a hole and filled it (business 101).
Google scrubs videos it does not like on youtube, facebook is wiping clean anything pro-2A. Time to face facts, its getting close to picking up your rifle time, not playing word games.
Michael Barnes~:” Buy a clue before the dollar is worthless. The “media” FOX news is just about $$$, 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 !
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 !!
The medical device tax is killing my business. Three clients canceled contracts. One of them will be out of business in 6 months.
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".
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.
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