Zxereus
Silver Member
- Mar 2, 2012
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Now that libs have begged hard enough to open Pandoras box, the sleeping monster will soon turn America into the worlds largest welfare state.
Health Care Law's Tax Hikes Are Coming: Who Pays?
Health Care Law's Tax Hikes Are Coming: Who Pays? - Yahoo! News
Health Care Law's Tax Hikes Are Coming: Who Pays?
Lots of the noise is about the financial consequences for people who decline to get coverage and businesses that don't offer their workers an adequate health plan. Some 4 million individuals without insurance are expected to pay about $55 billion over eight years, according to the Congressional Budget Office's estimates. Employers could be dinged an estimated $106 billion for failing to meet the mandate, which starts in 2014.
But that mandate money, whether it's called taxes or penalties, is overwhelmed by other taxes, fees and shrunken tax breaks in the law. These other levies could top $675 billion over the next 10 years, under the CBO's projections of how much revenue the government would lose if the law were repealed.
The biggest chunk is in new taxes on the nation's top 2 percent of earners some $318 billion over a decade.
Other major taxes are aimed at the health care industry, and some of that cost is sure to be passed along to consumers as higher prices.
A rundown of the most significant tax changes and who pays:
Health Care Law's Tax Hikes Are Coming: Who Pays? - Yahoo! News