The Fiscal Cliff’s Hidden $1 Trillion Tax Hike (CLIFF? What Cliffffffffffff.........?

Americans For Tax Reform ^ | December 28, 2012 | John Kartch

[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

[Erik Latranyi]

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.

First, I was working for a sensor company whose customer base was heavily dependent on medical device companies.

I spoke with many medical device companies and they were all telling me where this was heading.

You are correct, but it gets worse.

In order to control costs, the IPAB will stop the approval of new medical devices utilizing the latest technology. At that point, medical device companies will have to milk existing systems for additional profit.

Once they cut costs, the next logical step is to outsource production to low-wage nations.

The result: a loss of US jobs and no new medical devices that will prolong lifespans.

Medical device companies will be targeted by liberals for trying to raise prices (greed) and they will be targeted for exporting jobs.

This will set the stage for nationalization of these, and other, companies.

Remember, Obamacare is just the start of taking over as much of the economy as possible. Insurance companies will fall first, followed by hospitals and clinics.

Healthcare workers (doctors, nurses) will be unionized under SEIU to ensure a permanent voting block. (imagine a conservative proposing cuts when millions depend on those jobs?)

[St_Thomas_Aquinas]

I feel sick.

[fattigermaster]

Dear World:

After America died, some beeyatch committed identity theft and stole all her credit cards.

The imposter posing as “America” is not my dependent, and I am responsible for no debts other than my own.

Sincerely,

[ridesthemiles]

Was watching COPS last night.

All those officers had to put on a pair of blue gloves to search a lack guy who had drugs hidden in his butt crack/anus area.

It dawned on me that EVERY municipality which has sheriff, police, EMT’s, etc, are all using a product by the barrelfull that is now subject to that 3.8% tax.

All the various districts around me are operating with many layoffs, and now they will have to pay lots more with the 3.8% tax on ‘medical devices’.

[FatherofFive]

Once they cut costs, the next logical step is to outsource production to low-wage nations.

And it is not just ptoduction jobs. A buddy is outsourcing much of his accounting practice to India. He is doing it specifically to avoid 0bamacare costs

[Terry Mross]

I’m over 60 and I don’t remember there ever being much of an opposition party.

[chooseascreennamepat]

“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).”

Suggestion- Go to your local ham radio shop and purchase a new or used short wave radio. While you are at it, get a frequency list or have the shop owner give you some hints about finding stations. Especially interesting are Radio Canada, Radio Moscow, Radio Cuba, Voice of America, and dozens of others.

Many/most of these radios operate on 12VDC and require minimal antennat (a 40-100’ wire will unlock the world of SWL. (short wave listening) There are also numerous sites on Internet with info on listening, antennas, and stations/frequencies.