How Many People Know About the Obamacare Tax Hikes that Take Effect in January?

[francoHFW]

Thank God, dupes.

 

[Missouri_Mike]

How many people in this forum are aware of the huge Obamacare tax hikes that are scheduled to take effect in January? Now that Obama has been reelected, those tax hikes will almost certainly go into effect. Those new taxes will total at least $200 billion, and they will impact over 50% of small business income.

How many people know that one of those taxes is an increase in the threshhold (or deductible) for claiming medical expenses on your tax return? Right now you can deduct all personal medical expenses that exceed 7.5% of your adjusted gross income. Well, in January that deductible goes up to 10%. IOW, starting in January you won't be able to deduct medical expenses if they don't exceed 10% of your adjusted gross income.

Other Obamacare tax hikes that take effect in January include the following:

* $123 billion in the form of a new tax on investment income.

* $86 billion increase in the Medicare payroll tax.

* $20 billion tax increase on medical device manufacturers.

* Elimination of the tax deduction for employer-provided retirement prescription drug coverage in coordination with Medicare Part D. "Surely this can't be!," you say. Well, check the bill--it's right there in black and white. You see, Obama doesn't like Medicare Part D, even though it's been a success, and even though it's come in under budget. Why? Because it's marked based and it allows beneficiaries to choose from private plans.

Americans for Tax Reform: Full List of Obama Tax Hikes

See also:

Obamacare's 18 New Tax Hikes

Here Are The New Taxes You Will Pay for Obamacare

I'm guessing once the money is being removed from their paychecks, the deductibles get raised again, the shortages become glaring, the jobs get cut they will probably immediately realize this isn't working and demand the government take someone elses money to make this injustice right.

They will never come to the conclusion this is a destructive bill. The libs will continue blaming those not paying enough, those making too much and those that think we should get rid of this OBAMAnation. It will never be their fault for this failure and I'm guessing in four years they will find a way to blame Bush.

 

[JakeStarkey]

Americans will demand a single payer system in which the health insurance companies bid for contracts: real capitalism.

How many people in this forum are aware of the huge Obamacare tax hikes that are scheduled to take effect in January? Now that Obama has been reelected, those tax hikes will almost certainly go into effect. Those new taxes will total at least $200 billion, and they will impact over 50% of small business income.

How many people know that one of those taxes is an increase in the threshhold (or deductible) for claiming medical expenses on your tax return? Right now you can deduct all personal medical expenses that exceed 7.5% of your adjusted gross income. Well, in January that deductible goes up to 10%. IOW, starting in January you won't be able to deduct medical expenses if they don't exceed 10% of your adjusted gross income.

Other Obamacare tax hikes that take effect in January include the following:

* $123 billion in the form of a new tax on investment income.

* $86 billion increase in the Medicare payroll tax.

* $20 billion tax increase on medical device manufacturers.

* Elimination of the tax deduction for employer-provided retirement prescription drug coverage in coordination with Medicare Part D. "Surely this can't be!," you say. Well, check the bill--it's right there in black and white. You see, Obama doesn't like Medicare Part D, even though it's been a success, and even though it's come in under budget. Why? Because it's marked based and it allows beneficiaries to choose from private plans.

Americans for Tax Reform: Full List of Obama Tax Hikes

See also:

Obamacare's 18 New Tax Hikes

Here Are The New Taxes You Will Pay for Obamacare

I'm guessing once the money is being removed from their paychecks, the deductibles get raised again, the shortages become glaring, the jobs get cut they will probably immediately realize this isn't working and demand the government take someone elses money to make this injustice right.

They will never come to the conclusion this is a destructive bill. The libs will continue blaming those not paying enough, those making too much and those that think we should get rid of this OBAMAnation. It will never be their fault for this failure and I'm guessing in four years they will find a way to blame Bush.