Get ready to get sucked down a rabbit hole by Obamacare

[g5000]

Obamacare just cut my HSA max in half.

What "HSA max"?

Actually HSA contribution limits for 2012 are higher than 2011. And 2013 limits are higher still.

2012: $3,100 for an individual, $6,250 for families.

2013: $3,250 for an individual, $6,450 for families.


But...

FSA contributions have been limited to $2500 by Obamacare. They used to be unlimited, with most employers capping them at $5000.

The FSA limit will severely hurt families that have catastrophic illnesses or special needs children. The very people the Democrats claimed they were trying to help.

 

[g5000]

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?

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over the next 10 years, under the CBO's projections of how much revenue the government would lose if the law were repealed.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

There is something else that is hidden in Obamacare that could have been avoided that deliberately was not:

A 0.9 percent Medicare tax on wages above those threshold amounts; an additional 3.8 percent tax on investment income. Should raise $318 billion over 10 years.

Here is the part deliberately not avoided:

Over the years, more and more people will be caught by the new taxes, because the adjusted gross income level that triggers them doesn't rise with inflation.

This is exactly the same problem with AMT and a zillion other taxes in our code. These non-indexed taxes are created so they can be used as political footballs every year.

Every year, a non-indexed tax catches more and more people in its nets, so a bill has to be introduced to raise the floor so those people aren't unduly burdened. This bill becomes a bargaining chip. "You want me to vote for your bill to raise the floor of the AMT (or Medicare tax, or whatever the fuck), you have to vote for my bill to give free puppies to welfare mothers."

These kinds of "gets" are deliberately built into the system by our politicians, and it is fucking bullshit.

 

[francoHFW]

Thanks for half the story from fear mongering brainwashers...change the channel.