Posted on 06/29/2012 9:21:03 AM PDT by QT3.14
A silver lining for conservatives in the Supreme Court’s health care decision Thursday is that the court allowed the law to stand based on the idea that the individual mandate was a tax.
That news has Republicans and conservative radio talk show host Rush Limbaugh bringing out an old -- and incorrect claim -- that the health care law constitutes the largest tax increase ever.
(Excerpt) Read more at politifact.com ...
The author seem only to be looking at the various taxes included in the bill. Is he also taking into account the costs of insurance premiums that are MANDATED, and according to Justice Roberts are considered a tax? If he’s not, then HE is the one who is wrong.
LMAO...
If the death panel denys your treatment, and you die....yeah, it’s the largest.
A tax is a tax no matter how large or small. The majority of us cannot afford more of them. They add up and make slaves of those of us forced to pay them.
The supreme court just gave the green light for the government to tax us with unlimited power. There is nothing objective or fair about this system of institutionalized slavery. We must severely limit the governments power to tax us to destitution and death.
This slavery is justified by Homeland security as productive US citizens are deemed a greater threat to this country than the Muslim Brotherhood. We are the evil preventing the implementation of their imperial dreams.
Time to call them out and end this behavior before it is too late.
Tampa Bay Times (formerly St. Pete Times) and its twin sister, the Tampa Tribune (Ma Trib) are both Leftist mouthpieces as is Politifact.
The Leftist spin has begun.
Moot. This is much, much bigger than just a tax applied for failure to comply with Obamacare. SCOTUS just gave the other branches of government complete power to apply taxes to anything they deem required and not complied with. The door has been kicked down.
politifact is a democrat front group. This kind of garbage belongs on the DUmpster site.
“Biggest ever? Prove it.”
What difference does it make?
WTF, A tax hike is a friggin tax hike and who the heck cares how large it is, we are in a damn depression and Marxists are finding new and better way to raise taxes so that can promise more goodies to the losers in life. Excuse my usage of words and anger.
They didn’t include the mandate as a tax. It is a tax, per the Supreme Court.
Therefore, Politifact lied.
And then they collect the death tax.
I was about eighteen by the time it dawned on me that the word "fair" in politics is a term of art, and a semantic nullity.
Not the biggest tax increase in US history?
Depends on which Justice you ask.
Rush’s record on prediction on this admin (Gitmo, Lawlessness, the economy for examples) has been better than this governments record of telling the truth.
They’re correct. The dropping of the Bush Tax cuts in 6 months and 3 days will be the biggest increase.
Aren’t they also taking away the flex spending accounts?
Putting the rhetoric aside does anyone know, exactly, how much say a person making $50,000 a year would pay as a penalty?
I didn’t see where the list of tax revenues included the money extorted from people who don’t buy HI or provide it to their employees.
This looks about right, even as they are using goalseeking CBO numbers, the total % of GDP of the ACA taxes will not go above 0.75% of GDP.
What is interesting is the updated note on the bottom of the link source:
UPDATE: Some readers noticed that our initial analysis of Limbaugh’s claim failed to include references to the penalty that people who declined to purchase health insurance would be asked to pay. After all, the Supreme Court declared that penalty a tax.
The CBO figure we used for our calculation, a total of $104 billion in revenue generated in 2019, is inclusive of all revenues, including the penalty or tax individuals might pay if they do not purchase health insurance. The figure for that year was estimated to be $14 billion for penalties paid for by employees and individuals. (Page 19 of this report.) http://cbo.gov/sites/default/files/cbofiles/ftpdocs/113xx/doc11379/amendreconprop.pdf
Going to page 19 shows the CBO expects in 2019, that 20.1 Million American Slaves (exlcuding illegal aliens, and any member of a religion that doesn’t contribute to Social Security), will NOT buy health insurance AND Pay the IRS penalty.
CBO is estimating that the ACA will only cut the number of uninsured by 2/3rds over the next 7 years.
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