Posted on 09/25/2013 11:45:50 AM PDT by SoFloFreeper
And by “some things,” he means uninsured families, medical devices, workplace flex accounts, small businesses, Health Savings Accounts, savings income...
During his Tuesday remarks at the Clinton Global Initiative, President Obama admitted that his health care law raises taxes: “So what we did — it’s paid for by a combination of things. We did raise taxes on some things.”
“Some things” is an understatement. Below is just a partial list of Obamacare’s new or higher taxes on Americans:
Starting in tax year 2013:
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. In addition to killing small business jobs and impacting research and development budgets, this will make everything from pacemakers to artificial hips more expensive.
Obamacare High Medical Bills Tax: Before Obamacare, Americans facing high medical expenses were allowed a deduction to the extent that those expenses exceeded 7.5 percent of adjusted gross income (AGI). Obamacare now imposes a threshold of 10 percent of AGI. Therefore, Obamacare not only makes it more difficult to claim this deduction, it widens the net of taxable income.
According to the IRS, 10 million families took advantage of this tax deduction in 2009, the latest year of available data. Almost all are middle class. The average taxpayer claiming this deduction earned just over $53,000 annually. ATR estimates that the average income tax increase for the average family claiming this tax benefit will be $200 - $400 per year. To learn more about this tax, click here.
Obamacare Flexible Spending Account Tax: The 30 - 35 million Americans who use a pre-tax Flexible Spending Account (FSA) at work to pay for their family’s basic medical needs face a new Obamacare cap of $2,500. This will squeeze $13 billion of tax money from Americans over the next ten years. (Before Obamacare, the accounts were unlimited under federal law, though employers were allowed to set a cap.) Now, a parent looking to sock away extra money to pay for braces will find themselves quickly hitting this new cap, meaning they would have to pony up some or all of the cost with after-tax dollars.
Needless to say, this tax will especially impact middle class families.
There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. Nationwide there are several million families with special needs children and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. This Obamacare tax provision will limit the options available to these families.
Obamacare Super Saver Surtax: A new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single).
Obama the Liar, and the media is....silent.
Well, maybe so, but at least it didn’t add one dime to the deficit or cause health insurance premiums to increase...
Posted this on another thread, but it applies here ...
As the insanity draws nearer, I’m hearing more and more squawking from the completely “low-info” types who are STUNNED that they’re going to have to ACTUALLY PAY MONEY for this thing! We’re so well-informed around here at FR that we forget the massive number of people out there who simply believe everything they are spoon-fed by the mainstream media and were and are fully convinced that “Obamacare” simply means FREE MEDICAL CARE. The reaction of these millions of people when they find out it ISN’T FREE AT ALL is going to be a thing to behold.
Flies seem to be drawn to him.
Remember the charges made during the 2008 election that Palin had "slashed special ed funding" in Alaska??? Remember how the liberals all fawned and slobbered about how much kinder and wonderful Obuttwipe was because they CARED more than evil conservatives?!?!
Filthy lying POS traitors!!!! Every last one of them. I spit on any American who can still associate with the Democrat Party!
When he was asking for our vote in 2008, then candidate Barack Obama famously promised the American people, “I can make a firm pledge. Under my plan no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.” ...from Forbes.com
“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”
Barack Hussein Obama — September 16, 2008
Sorry: — September 12, 2008
And people are actually surprised the bastard doesn’t lie?
Yesterday afternoon, here in Maine, I was pulling out of a parking space in the parking lot of a store.
As I was leaving, a young woman parked her car in the space next to me.
As I was pulling out of the parking space, I notice an “Obama / Biden” sticker on the left side of her bumper. On the right side was another bumper sticker, “I (image of a heart) Obamacare.” In other words, “I Love Obamacare.”
I thought to myself, “What a dumba$$. She’s clueless.”
Sorry to say to all you folks in The Lone Star state, she had Texas license plates. Probably escaped from Austin.
In my dreams a long vaudevillian cane has yanked this bum off the stage.
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