Top Five Worst Obamacare Taxes Coming in 2013

[Nevermind]

Obama's Pledge Never to Raise Taxes on Anyone Making Less Than $250,000 a Year
http://www.youtube.com/watch?v=Q8erePM8V5U




http://www.atr.org/five-worst-obamacare ... ming-a7217
Starting the January, American citizens will be hit with 20 new or raised taxes that come with Obamacare. Here is a description of the five worst taxes.


Of the twenty new or higher taxes in Obamacare, below are the five worst that will be foisted upon Americans for the first time on January 1, 2013:

The Obamacare Medical Device Tax – a $20 billion tax increase: 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 increase the cost of your health care – making everything from pacemakers to prosthetics more expensive.

The Obamacare “Special Needs Kids Tax” – a $13 billion tax increase: The 30-35 million Americans who use a Flexible Spending Account (FSA) at work to pay for their family’s basic medical needs will face a new government cap of $2,500 (currently the accounts are unlimited under federal law, though employers are allowed to set a cap).

There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are several million families with special needs children in the United States, 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.

The Obamacare Surtax on Investment Income – a $123 billion tax increase: This is a new, 3.8 percentage point surtax on investment income earned in households making at least $250,000 ($200,000 single).

The Obamacare “Haircut” for Medical Itemized Deductions – a $15.2 billion tax increase: Currently, those Americans facing high medical expenses are allowed a deduction to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). This tax increase imposes a threshold of 10 percent of AGI. By limiting this deduction, Obamacare widens the net of taxable income for the sickest Americans. This tax provision will most harm near retirees and those with modest incomes but high medical bills.

The Obamacare Medicare Payroll Tax Hike -- an $86.8 billion tax increase: The Medicare payroll tax is currently 2.9 percent on all wages and self-employment profits. Under this tax hike, wages and profits exceeding $200,000 ($250,000 in the case of married couples) will face a 3.8 percent rate instead. This is a direct marginal income tax hike on small business owners, who are liable for self-employment tax in most cases.

[DEATH ROW JOE]

The Obamacare Surtax on Investment Income – a $123 billion tax increase: This is a new, 3.8 percentage point surtax on investment income earned in households making at least $250,000 ($200,000 single).

LMFAO, so investment income will be 3.237 trillion dollars next year?

.038 x 3.237 trillion = 123 billion

You obviously lack common sense.

The latest investment income numbers available are from 2009:
http://www.irs.gov/file_source/pub/irs- ... top400.pdf
Interest: 168,001,234,000
Dividends:163,458,846,000
Capital gains net losses: 231,547,946,000

Investment income was 562 billion 2009, taxed at an additional 3.8% gives you an additional 21.3 billion dollars, or about 1/6 of what you claimed.

The health care law is supposed to raise about 500 billion in revenue over 10 years. So it's not a small tax hike but nothing like your Grover Norquist article is claiming.

PolitiFact National cited two nonpartisan federal agencies in reporting that by 2019, the reform law is expected to raise an additional $438 billion, according to the Joint Committee on Taxation; or $525 billion, according to the Congressional Budget Office.

[Danzig in the Dark]

Why do you call yourself Nevermind? Is it because that's your response every time you're schooled like Emily Litella?
http://www.youtube.com/watch?v=V3FnpaWQJO0

[Turner Coates]