$1 trillion in hidden taxes to take effect on Jan. 1, 2014

Discussion in 'Politics' started by Little-Acorn, Sep 20, 2013.

  1. Little-Acorn
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    Little-Acorn VIP Member

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    Remember when Obama and his cohorts were telling us that there were ZERO new taxes in Obamacare? (This was at the same time Nancy Pelosi was telling us we had to pass it in order to find out what was in it.)

    Suckers.

    -------------------------------------

    Money Morning

    The Hidden Obamacare Taxes That
    Will Crush The Middle Class

    By Money Morning Staff Reports

    Get ready to be blindsided by a barrage of new taxes. $1 trillion worth...

    They'll be coming courtesy of the Affordable Care Act, otherwise known as Obamacare. And they won't just be affecting those who make over $250,000. The bulk of these taxes will be passed on directly to the middle class.

    That's because while a majority of these "stealth taxes" were designed to be taxes on businesses, they're actually transferred directly to ordinary citizens.

    They include the investment income surtax, a Medicare payroll tax, even a "tanning tax" on those who utilize indoor tanning services.

    "Many of those [hidden] taxes, especially those on hospitals, insurers and medical device manufacturers, will ultimately be passed on through higher health costs," said Michael Tanner an expert on the healthcare law.

    In fact, analysts estimate Obamacare will cost the average taxpayer nearly $6,000 in extra taxes as early as next year.

    The new taxes go into effect January 1, 2014. But they are already infuriating millions of Americans.

    While even Obamacare detractors applaud the requirement that insurance companies cover pre-existing conditions and put a stop to lifetime caps on benefits, they say these laudable benefits don't compensate for the bills high cost - especially in new taxes.

    According to most experts, Obamacare will create a total of twenty new taxes or tax hikes on the American people.

    In fact, the Obama administration has already given the IRS an extra $500 million to enforce the rules and regulations of Obamacare.
  2. ba1614
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    ba1614 Senior Member

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    What he meant was zero new taxes on those who already pay no taxes.

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