Largest tax increase in history?

Because only an idiot thinks you can add millions into a system and it won't cost anything.

Please, rightwinger, describe what happens in this situation:

1) Unemployed person on food stamps...doesn't have insurance...you think they are going to pay a tax?
2) Above person goes to doctor for general care where they never use to cause they couldn't pay for it...who pays for it? Is it free?

Sorry

But that is not what was ruled a tax. Only penalty fees against those without insurance

How do Republicans calculate their "Largest tax increase in history"???

Show me the numbers....It is nowhere near the Largest tax increase in history

WHat the....answer #1 - what happens?
See that is the thing we are saying - guys like you constantly and consistently refuse to aknowledge COST...this is known as ideological....ignoring reality while claiming the moral high ground..."its the right thing to do"...with no regards as to who and how pays for it.
 
Republican hyperbole is already in overdrive. "Largest tax increase in history" "$500 billion tax increase"

Here is what Justice Roberts said..

[IThe Federal Government does not have the power to order people to buy health insurance. Section 5000A would therefore be unconstitutional if read as a command. The Federal Government does have the power to impose a tax on those without health insurance. Section 5000A is therefore constitutional, because it can reasonably be read as a tax.] [/I]

What is considered a tax is the penalty for those who do not have health insurance..........How do Republicans spin that into the largest tax increase in history?

It wasn't too long ago when Republicans claimed they were the party of personal responsibility and one of their planks was to get people to stop getting a free ride.

My how things have changed.

Can you imagine actually penalizing people who are freeloading off of our healthcare system?

I know, right? What next, making illegal immigrants pay for insurance??? :D
 
Republican hyperbole is already in overdrive. "Largest tax increase in history" "$500 billion tax increase"

Here is what Justice Roberts said..

[IThe Federal Government does not have the power to order people to buy health insurance. Section 5000A would therefore be unconstitutional if read as a command. The Federal Government does have the power to impose a tax on those without health insurance. Section 5000A is therefore constitutional, because it can reasonably be read as a tax.] [/I]

What is considered a tax is the penalty for those who do not have health insurance..........How do Republicans spin that into the largest tax increase in history?

It wasn't too long ago when Republicans claimed they were the party of personal responsibility and one of their planks was to get people to stop getting a free ride.

My how things have changed.

Can you imagine actually penalizing people who are freeloading off of our healthcare system?

why? that's discrimination innit? you don't penalize the 50% who are freeloading off the American Taxpayers? doya? no
 
Because only an idiot thinks you can add millions into a system and it won't cost anything.

Please, rightwinger, describe what happens in this situation:

1) Unemployed person on food stamps...doesn't have insurance...you think they are going to pay a tax?
2) Above person goes to doctor for general care where they never use to cause they couldn't pay for it...who pays for it? Is it free?

Sorry

But that is not what was ruled a tax. Only penalty fees against those without insurance

How do Republicans calculate their "Largest tax increase in history"???

Show me the numbers....It is nowhere near the Largest tax increase in history

WHat the....answer #1 - what happens?
See that is the thing we are saying - guys like you constantly and consistently refuse to aknowledge COST...this is known as ideological....ignoring reality while claiming the moral high ground..."its the right thing to do"...with no regards as to who and how pays for it.

I know its hard...but try to stay on topic

I am trying to find out how Republicans en mass are trying to frame this as the largest tax increase in history

Why is it so hard for you to show me the numbers?
 
Sorry

But that is not what was ruled a tax. Only penalty fees against those without insurance

How do Republicans calculate their "Largest tax increase in history"???

Show me the numbers....It is nowhere near the Largest tax increase in history

WHat the....answer #1 - what happens?
See that is the thing we are saying - guys like you constantly and consistently refuse to aknowledge COST...this is known as ideological....ignoring reality while claiming the moral high ground..."its the right thing to do"...with no regards as to who and how pays for it.

I know its hard...but try to stay on topic

I am trying to find out how Republicans en mass are trying to frame this as the largest tax increase in history

Why is it so hard for you to show me the numbers?

do your research, the numbers were shown yesterday, put away your hoop cause we don't do hoops.
 
WHat the....answer #1 - what happens?
See that is the thing we are saying - guys like you constantly and consistently refuse to aknowledge COST...this is known as ideological....ignoring reality while claiming the moral high ground..."its the right thing to do"...with no regards as to who and how pays for it.

I know its hard...but try to stay on topic

I am trying to find out how Republicans en mass are trying to frame this as the largest tax increase in history

Why is it so hard for you to show me the numbers?

do your research, the numbers were shown yesterday, put away your hoop cause we don't do hoops.

Actually, they weren't

The part of Obamacare ruled a tax related to the penalty on those without insurance. Show me the numbers
 
You leftwingers sure are stupid sometimes. The fact that the individual mandate can exist as a tax means the law can continue until repealed. The law itself calls for over 500 billion dollars in new taxes. It's not just the individual mandate penalty "tax"

2010 Tax on Innovator Drug Companies: $2.3 billion annual tax on the industry imposed relative to share of sales made that year.

2010 Excise Tax on Charitable Hospitals: $50,000 per hospital if they fail to meet new "community health assessment needs," "financial assistance," and "billing and collection" rules set by HHS.

2010 Blue Cross/Blue Shield Tax Hike: The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services.

2010 Tax on Indoor Tanning Services: New 10 percent excise tax on Americans using indoor tanning salons.

2010 “Black liquor” tax Credit. This is a tax increase on a type of bio-fuel. This substance, a wood-pulping byproduct, is utilized as a biofuel to generate electricity for paper-making companies throughout the U.S

2010 Codification of the “economic substance doctrine”. This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed.

2011 Medicine Cabinet Tax: Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).

2011 Employer Reporting of Insurance on W-2: Preamble to taxing health benefits on individual tax returns.

2011 Increase penalty for nonqualified HSA distributions.

2011 Annual tax on drug manufacturers / importers.

2012 Corporate 1099-MISC Information Reporting: Requires businesses to send 1099-MISC information tax forms to corporations (currently limited to individuals), a huge compliance burden for small employers.

2013 Increase In Medicare Payroll Tax (For single employees making over $200,000/year and married employees making over $250,000/year): Payroll Tax currently at 1.45% increases to 2.9%. Self-employed tax is increased to 3.8%.

2013 Surtax on Other Investment Income: A new, 3.8 percent surtax on "Other" investment income earned in households making at least $250,000 ($200,000 single). Taxes are increased from 39.6% to 43.4% Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens. It DOES however, include the sale of your home.

2013 Flexible Spending Account Cap – aka “Special Needs Kids Tax”: Imposes cap of $2500 (Indexed to inflation after 2013) on FSAs (now unlimited). . 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 thousands of 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.

2013 Tax on Medical Device Manufacturers: Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exemptions include items retailing for less than $100.

2013 Raise "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI: Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI; it is waived for 65+ taxpayers in 2013-2016 only.

2013 Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D.

2013 $500,000 Annual Executive Compensation Limit for Health Insurance Executives.

2013 Limit deduction for remuneration to officers, employees, directors, and service providers of certain health insurance providers.

2013 Impose fee on insured and self-insured health plans; patient-centered outcomes research trust fund.

2014 Individual Health Insurance Mandate:
Starting in 2014, you will be required to obtain qualified health insurance for yourself and any dependants or pay a penalty for every month you are not covered. You are allowed a coverage gap of less than 90 days every year.

The penalty begins in 2014 and phases up to its maximum amount in 2016. You will either have to pay a set dollar amount of $695 per year (adjusted for inflation) or 2.5% of your base household income, whichever is higher. Your base income is defined as any amount over the filing threshold for the applicable tax year.

The penalty is assessed for every person in your house who does not have insurance up to a cap of 300 percent of the set dollar amount. In 2016, this cap would be $2,085. If you are a dependent under 18, your set dollar amount is cut in half.
If you are required to pay a penalty but fail to do so, you will receive a notice from Internal Revenue Service (IRS). If you still fail to pay, the IRS can reduce the amount of your future tax refunds by the amount owed. However, if you fail to pay you will not be subject to criminal penalties and the Secretary cannot file notice of a lien or levy against your property.



2014 Employer Mandate Tax: If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for every full-time employee. This provision applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer).

(Combined individual and employer mandate tax penalty.)

2014 Tax on Health Insurers: Annual tax on the industry imposed relative to health insurance premiums collected that year. The stipulation phases in gradually until 2018, and is fully-imposed on firms with $50 million in profits.

2018 Excise Tax on Comprehensive Health Insurance Plans: New 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). For early retirees and high-risk professions a higher threshold exists: ($11,500 single/$29,450 family). CPI +1 percentage point indexed.



New Taxes In The Healthcare Bill - Business Insider


Not to mention that unless something changes taxes will go up in 2013

The two "marriage penalty elimination" provisions will expire, so that:
The standard deduction for married couples will fall, no longer double what it is for single filers; and
The ceiling of the 15% bracket for married couples will fall, no longer double what it is for single filers
The 10% tax bracket will expire, reverting to 15%
The child tax credit will fall from $1,000 to $500
The tax rate on long-term capital gains earned by middle- and upper-income people would rise from 15% to 20%
The tax rate on qualified dividends earned by middle- and upper-income people would rise from 15% to ordinary wage tax rates
The 25% tax rate would rise to 28%
The 28% rate would rise to 31%
The 33% rate would rise to 36%
The 35% rate would rise to 39.6%
The PEP and Pease provisions would be restored, rescinding from high-income people the value of some exemptions and deductions

http://taxfoundation.org/article/fate-bush-tax-cuts-uncertain-expiration-approaches
 
Last edited:
I know its hard...but try to stay on topic

I am trying to find out how Republicans en mass are trying to frame this as the largest tax increase in history

Why is it so hard for you to show me the numbers?

do your research, the numbers were shown yesterday, put away your hoop cause we don't do hoops.

Actually, they weren't

The part of Obamacare ruled a tax related to the penalty on those without insurance. Show me the numbers
nope, yer wrong, the list showed you the billions of new taxes embedded in this 2,700 page bill that pelsoi said you would have to pass before you knew what was in it and you said "Ain't Pelosi fine?"
 
You leftwingers sure are stupid sometimes. The fact that the individual mandate can exist as a tax means the law can continue until repealed. The law itself calls for over 500 billion dollars in new taxes. It's not just the individual mandate penalty "tax"

snip/

2011 Employer Reporting of Insurance on W-2: Preamble to taxing health benefits on individual tax returns.

/snip

[/url]

Absolutely correct, almost $500 billion in new taxes, but the one highlighted above is the most concerning, because it was slipped in not as a tax, but as a reporting requirement. Make no mistake; this is the hidden gold mine for the government when the costs of ACA are double what were initially estimated (and they will be).

This reporting is the first step towards taxing employer-paid health insurance benefits; given that most people get at least some part of their coverage from employer-paid benefits, this will dwarf everything above. Let’s say of the 140 million workers, half get their insurance paid by their employer at an average of $5,000 per worker, I think an overly conservative estimate. That’s an additional $375 billion of taxable income per year. Assuming an average 15% rate, this translates to $56 billion per year in new taxes, or a 10 year bite of almost $600 billion.

Also not included is the estimated $118 billion cost to be borne by the states in the massive expansion of Medicaid. Just because the federal government won't tax you for it doesn't mean you won't pay more, and state taxes are usually the most regressive.
 
You leftwingers sure are stupid sometimes. The fact that the individual mandate can exist as a tax means the law can continue until repealed. The law itself calls for over 500 billion dollars in new taxes. It's not just the individual mandate penalty "tax"

2010 Tax on Innovator Drug Companies: $2.3 billion annual tax on the industry imposed relative to share of sales made that year.

2010 Excise Tax on Charitable Hospitals: $50,000 per hospital if they fail to meet new "community health assessment needs," "financial assistance," and "billing and collection" rules set by HHS.

2010 Blue Cross/Blue Shield Tax Hike: The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services.

2010 Tax on Indoor Tanning Services: New 10 percent excise tax on Americans using indoor tanning salons.

2010 “Black liquor” tax Credit. This is a tax increase on a type of bio-fuel. This substance, a wood-pulping byproduct, is utilized as a biofuel to generate electricity for paper-making companies throughout the U.S

2010 Codification of the “economic substance doctrine”. This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed.

2011 Medicine Cabinet Tax: Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).

2011 Employer Reporting of Insurance on W-2: Preamble to taxing health benefits on individual tax returns.

2011 Increase penalty for nonqualified HSA distributions.

2011 Annual tax on drug manufacturers / importers.

2012 Corporate 1099-MISC Information Reporting: Requires businesses to send 1099-MISC information tax forms to corporations (currently limited to individuals), a huge compliance burden for small employers.

2013 Increase In Medicare Payroll Tax (For single employees making over $200,000/year and married employees making over $250,000/year): Payroll Tax currently at 1.45% increases to 2.9%. Self-employed tax is increased to 3.8%.

2013 Surtax on Other Investment Income: A new, 3.8 percent surtax on "Other" investment income earned in households making at least $250,000 ($200,000 single). Taxes are increased from 39.6% to 43.4% Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens. It DOES however, include the sale of your home.

2013 Flexible Spending Account Cap – aka “Special Needs Kids Tax”: Imposes cap of $2500 (Indexed to inflation after 2013) on FSAs (now unlimited). . 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 thousands of 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.

2013 Tax on Medical Device Manufacturers: Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exemptions include items retailing for less than $100.

2013 Raise "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI: Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI; it is waived for 65+ taxpayers in 2013-2016 only.

2013 Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D.

2013 $500,000 Annual Executive Compensation Limit for Health Insurance Executives.

2013 Limit deduction for remuneration to officers, employees, directors, and service providers of certain health insurance providers.

2013 Impose fee on insured and self-insured health plans; patient-centered outcomes research trust fund.

2014 Individual Health Insurance Mandate:
Starting in 2014, you will be required to obtain qualified health insurance for yourself and any dependants or pay a penalty for every month you are not covered. You are allowed a coverage gap of less than 90 days every year.

The penalty begins in 2014 and phases up to its maximum amount in 2016. You will either have to pay a set dollar amount of $695 per year (adjusted for inflation) or 2.5% of your base household income, whichever is higher. Your base income is defined as any amount over the filing threshold for the applicable tax year.

The penalty is assessed for every person in your house who does not have insurance up to a cap of 300 percent of the set dollar amount. In 2016, this cap would be $2,085. If you are a dependent under 18, your set dollar amount is cut in half.
If you are required to pay a penalty but fail to do so, you will receive a notice from Internal Revenue Service (IRS). If you still fail to pay, the IRS can reduce the amount of your future tax refunds by the amount owed. However, if you fail to pay you will not be subject to criminal penalties and the Secretary cannot file notice of a lien or levy against your property.



2014 Employer Mandate Tax: If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for every full-time employee. This provision applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer).

(Combined individual and employer mandate tax penalty.)

2014 Tax on Health Insurers: Annual tax on the industry imposed relative to health insurance premiums collected that year. The stipulation phases in gradually until 2018, and is fully-imposed on firms with $50 million in profits.

2018 Excise Tax on Comprehensive Health Insurance Plans: New 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). For early retirees and high-risk professions a higher threshold exists: ($11,500 single/$29,450 family). CPI +1 percentage point indexed.



New Taxes In The Healthcare Bill - Business Insider


Not to mention that unless something changes taxes will go up in 2013

The two "marriage penalty elimination" provisions will expire, so that:
The standard deduction for married couples will fall, no longer double what it is for single filers; and
The ceiling of the 15% bracket for married couples will fall, no longer double what it is for single filers
The 10% tax bracket will expire, reverting to 15%
The child tax credit will fall from $1,000 to $500
The tax rate on long-term capital gains earned by middle- and upper-income people would rise from 15% to 20%
The tax rate on qualified dividends earned by middle- and upper-income people would rise from 15% to ordinary wage tax rates
The 25% tax rate would rise to 28%
The 28% rate would rise to 31%
The 33% rate would rise to 36%
The 35% rate would rise to 39.6%
The PEP and Pease provisions would be restored, rescinding from high-income people the value of some exemptions and deductions

Fate of Bush Tax Cuts Uncertain As Expiration Approaches | Tax Foundation

**chirp**
**chirp**

And rightwinger scurries for cover...
 
You leftwingers sure are stupid sometimes. The fact that the individual mandate can exist as a tax means the law can continue until repealed. The law itself calls for over 500 billion dollars in new taxes. It's not just the individual mandate penalty "tax"

2010 Tax on Innovator Drug Companies: $2.3 billion annual tax on the industry imposed relative to share of sales made that year.

2010 Excise Tax on Charitable Hospitals: $50,000 per hospital if they fail to meet new "community health assessment needs," "financial assistance," and "billing and collection" rules set by HHS.

2010 Blue Cross/Blue Shield Tax Hike: The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services.

2010 Tax on Indoor Tanning Services: New 10 percent excise tax on Americans using indoor tanning salons.

2010 “Black liquor” tax Credit. This is a tax increase on a type of bio-fuel. This substance, a wood-pulping byproduct, is utilized as a biofuel to generate electricity for paper-making companies throughout the U.S

2010 Codification of the “economic substance doctrine”. This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed.

2011 Medicine Cabinet Tax: Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).

2011 Employer Reporting of Insurance on W-2: Preamble to taxing health benefits on individual tax returns.

2011 Increase penalty for nonqualified HSA distributions.

2011 Annual tax on drug manufacturers / importers.

2012 Corporate 1099-MISC Information Reporting: Requires businesses to send 1099-MISC information tax forms to corporations (currently limited to individuals), a huge compliance burden for small employers.

2013 Increase In Medicare Payroll Tax (For single employees making over $200,000/year and married employees making over $250,000/year): Payroll Tax currently at 1.45% increases to 2.9%. Self-employed tax is increased to 3.8%.

2013 Surtax on Other Investment Income: A new, 3.8 percent surtax on "Other" investment income earned in households making at least $250,000 ($200,000 single). Taxes are increased from 39.6% to 43.4% Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens. It DOES however, include the sale of your home.

2013 Flexible Spending Account Cap – aka “Special Needs Kids Tax”: Imposes cap of $2500 (Indexed to inflation after 2013) on FSAs (now unlimited). . 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 thousands of 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.

2013 Tax on Medical Device Manufacturers: Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exemptions include items retailing for less than $100.

2013 Raise "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI: Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI; it is waived for 65+ taxpayers in 2013-2016 only.

2013 Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D.

2013 $500,000 Annual Executive Compensation Limit for Health Insurance Executives.

2013 Limit deduction for remuneration to officers, employees, directors, and service providers of certain health insurance providers.

2013 Impose fee on insured and self-insured health plans; patient-centered outcomes research trust fund.

2014 Individual Health Insurance Mandate:
Starting in 2014, you will be required to obtain qualified health insurance for yourself and any dependants or pay a penalty for every month you are not covered. You are allowed a coverage gap of less than 90 days every year.

The penalty begins in 2014 and phases up to its maximum amount in 2016. You will either have to pay a set dollar amount of $695 per year (adjusted for inflation) or 2.5% of your base household income, whichever is higher. Your base income is defined as any amount over the filing threshold for the applicable tax year.

The penalty is assessed for every person in your house who does not have insurance up to a cap of 300 percent of the set dollar amount. In 2016, this cap would be $2,085. If you are a dependent under 18, your set dollar amount is cut in half.
If you are required to pay a penalty but fail to do so, you will receive a notice from Internal Revenue Service (IRS). If you still fail to pay, the IRS can reduce the amount of your future tax refunds by the amount owed. However, if you fail to pay you will not be subject to criminal penalties and the Secretary cannot file notice of a lien or levy against your property.



2014 Employer Mandate Tax: If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for every full-time employee. This provision applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer).

(Combined individual and employer mandate tax penalty.)

2014 Tax on Health Insurers: Annual tax on the industry imposed relative to health insurance premiums collected that year. The stipulation phases in gradually until 2018, and is fully-imposed on firms with $50 million in profits.

2018 Excise Tax on Comprehensive Health Insurance Plans: New 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). For early retirees and high-risk professions a higher threshold exists: ($11,500 single/$29,450 family). CPI +1 percentage point indexed.



New Taxes In The Healthcare Bill - Business Insider


Not to mention that unless something changes taxes will go up in 2013

The two "marriage penalty elimination" provisions will expire, so that:
The standard deduction for married couples will fall, no longer double what it is for single filers; and
The ceiling of the 15% bracket for married couples will fall, no longer double what it is for single filers
The 10% tax bracket will expire, reverting to 15%
The child tax credit will fall from $1,000 to $500
The tax rate on long-term capital gains earned by middle- and upper-income people would rise from 15% to 20%
The tax rate on qualified dividends earned by middle- and upper-income people would rise from 15% to ordinary wage tax rates
The 25% tax rate would rise to 28%
The 28% rate would rise to 31%
The 33% rate would rise to 36%
The 35% rate would rise to 39.6%
The PEP and Pease provisions would be restored, rescinding from high-income people the value of some exemptions and deductions

Fate of Bush Tax Cuts Uncertain As Expiration Approaches | Tax Foundation

Which part of this is new since yesterdays Supreme Court Decision?

All of these taxes are taking money from one place and redistributing it someplace else. CBO has determined that over a ten year period, there is a net decrease in costs. Of course you only include the minuses without identifying the corresponding plusses
 
Which part of this is new since yesterdays Supreme Court Decision?

All of these taxes are taking money from one place and redistributing it someplace else. CBO has determined that over a ten year period, there is a net decrease in costs. Of course you only include the minuses without identifying the corresponding plusses

Taxes are redistribution (of wealth)??:eek: Shocking!

By the way, as I recall, CBO determined that it would reduce the deficit, not that there would be a decrease in costs. Reducing the deficit by a few billion is not so hard when you're raising so much in revenue (taxes); a little gets sprinkled to the deficit and everything is good. Still, hundreds of billions of dollars leave the private sector for redistribution by the public sector.
 
Because only an idiot thinks you can add millions into a system and it won't cost anything.

Please, rightwinger, describe what happens in this situation:

1) Unemployed person on food stamps...doesn't have insurance...you think they are going to pay a tax?
2) Above person goes to doctor for general care where they never use to cause they couldn't pay for it...who pays for it? Is it free?

We're talking about those can afford it, but don't get it. Ever hear of an E.R. that turns away people? We're already paying higher medical bills and insurance premiums to cover those who don't have insurance. It's always been free, if you're willing to be a freeloader. This bill insures that those who can afford it, contribute.
 
You leftwingers sure are stupid sometimes. The fact that the individual mandate can exist as a tax means the law can continue until repealed. The law itself calls for over 500 billion dollars in new taxes. It's not just the individual mandate penalty "tax"

2010 Tax on Innovator Drug Companies: $2.3 billion annual tax on the industry imposed relative to share of sales made that year.

2010 Excise Tax on Charitable Hospitals: $50,000 per hospital if they fail to meet new "community health assessment needs," "financial assistance," and "billing and collection" rules set by HHS.

2010 Blue Cross/Blue Shield Tax Hike: The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services.

2010 Tax on Indoor Tanning Services: New 10 percent excise tax on Americans using indoor tanning salons.

2010 “Black liquor” tax Credit. This is a tax increase on a type of bio-fuel. This substance, a wood-pulping byproduct, is utilized as a biofuel to generate electricity for paper-making companies throughout the U.S

2010 Codification of the “economic substance doctrine”. This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed.

2011 Medicine Cabinet Tax: Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).

2011 Employer Reporting of Insurance on W-2: Preamble to taxing health benefits on individual tax returns.

2011 Increase penalty for nonqualified HSA distributions.

2011 Annual tax on drug manufacturers / importers.

2012 Corporate 1099-MISC Information Reporting: Requires businesses to send 1099-MISC information tax forms to corporations (currently limited to individuals), a huge compliance burden for small employers.

2013 Increase In Medicare Payroll Tax (For single employees making over $200,000/year and married employees making over $250,000/year): Payroll Tax currently at 1.45% increases to 2.9%. Self-employed tax is increased to 3.8%.

2013 Surtax on Other Investment Income: A new, 3.8 percent surtax on "Other" investment income earned in households making at least $250,000 ($200,000 single). Taxes are increased from 39.6% to 43.4% Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens. It DOES however, include the sale of your home.

2013 Flexible Spending Account Cap – aka “Special Needs Kids Tax”: Imposes cap of $2500 (Indexed to inflation after 2013) on FSAs (now unlimited). . 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 thousands of 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.

2013 Tax on Medical Device Manufacturers: Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exemptions include items retailing for less than $100.

2013 Raise "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI: Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI; it is waived for 65+ taxpayers in 2013-2016 only.

2013 Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D.

2013 $500,000 Annual Executive Compensation Limit for Health Insurance Executives.

2013 Limit deduction for remuneration to officers, employees, directors, and service providers of certain health insurance providers.

2013 Impose fee on insured and self-insured health plans; patient-centered outcomes research trust fund.

2014 Individual Health Insurance Mandate:
Starting in 2014, you will be required to obtain qualified health insurance for yourself and any dependants or pay a penalty for every month you are not covered. You are allowed a coverage gap of less than 90 days every year.

The penalty begins in 2014 and phases up to its maximum amount in 2016. You will either have to pay a set dollar amount of $695 per year (adjusted for inflation) or 2.5% of your base household income, whichever is higher. Your base income is defined as any amount over the filing threshold for the applicable tax year.

The penalty is assessed for every person in your house who does not have insurance up to a cap of 300 percent of the set dollar amount. In 2016, this cap would be $2,085. If you are a dependent under 18, your set dollar amount is cut in half.
If you are required to pay a penalty but fail to do so, you will receive a notice from Internal Revenue Service (IRS). If you still fail to pay, the IRS can reduce the amount of your future tax refunds by the amount owed. However, if you fail to pay you will not be subject to criminal penalties and the Secretary cannot file notice of a lien or levy against your property.



2014 Employer Mandate Tax: If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for every full-time employee. This provision applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer).

(Combined individual and employer mandate tax penalty.)

2014 Tax on Health Insurers: Annual tax on the industry imposed relative to health insurance premiums collected that year. The stipulation phases in gradually until 2018, and is fully-imposed on firms with $50 million in profits.

2018 Excise Tax on Comprehensive Health Insurance Plans: New 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). For early retirees and high-risk professions a higher threshold exists: ($11,500 single/$29,450 family). CPI +1 percentage point indexed.



New Taxes In The Healthcare Bill - Business Insider


Not to mention that unless something changes taxes will go up in 2013

The two "marriage penalty elimination" provisions will expire, so that:
The standard deduction for married couples will fall, no longer double what it is for single filers; and
The ceiling of the 15% bracket for married couples will fall, no longer double what it is for single filers
The 10% tax bracket will expire, reverting to 15%
The child tax credit will fall from $1,000 to $500
The tax rate on long-term capital gains earned by middle- and upper-income people would rise from 15% to 20%
The tax rate on qualified dividends earned by middle- and upper-income people would rise from 15% to ordinary wage tax rates
The 25% tax rate would rise to 28%
The 28% rate would rise to 31%
The 33% rate would rise to 36%
The 35% rate would rise to 39.6%
The PEP and Pease provisions would be restored, rescinding from high-income people the value of some exemptions and deductions

Fate of Bush Tax Cuts Uncertain As Expiration Approaches | Tax Foundation

**chirp**
**chirp**

And rightwinger scurries for cover...

cover of facts ... damn!
 
Republican hyperbole is already in overdrive. "Largest tax increase in history" "$500 billion tax increase"

Here is what Justice Roberts said..

[IThe Federal Government does not have the power to order people to buy health insurance. Section 5000A would therefore be unconstitutional if read as a command. The Federal Government does have the power to impose a tax on those without health insurance. Section 5000A is therefore constitutional, because it can reasonably be read as a tax.] [/I]

What is considered a tax is the penalty for those who do not have health insurance..........How do Republicans spin that into the largest tax increase in history?

Because they can, and they believe it too. The more they keep spewing nonsense, the more independents are going to realize how off base they are.
 
Republican hyperbole is already in overdrive. "Largest tax increase in history" "$500 billion tax increase"

Here is what Justice Roberts said..

[IThe Federal Government does not have the power to order people to buy health insurance. Section 5000A would therefore be unconstitutional if read as a command. The Federal Government does have the power to impose a tax on those without health insurance. Section 5000A is therefore constitutional, because it can reasonably be read as a tax.] [/I]

What is considered a tax is the penalty for those who do not have health insurance..........How do Republicans spin that into the largest tax increase in history?

Because it's a tax?

Do you read your posts? It's right there, "because it can reasonably be read as a tax"
 
You can never convince a democrat that stuff ain't free. someone is going to be taxed and heavily to pay for their utopia..

Nobody said anything about healthcare being free other than you and your fellow nutjobs. What you have lost complete sight of is the fact that we pay for these people now, because just as you said, nothing is free. Somehow though, you are trying to convince us that it is free doing it the old way that nobody has to pay for those who go without insurance. Of course you will never understand that simple fact, because you are so far off in lala land.

Again, for the life of me, I cannot understand how someone who pays for insurance and in doing so is subsidizing those who do not pay for it, could possibly be against a mandate requiring everyone to purchase insurance. To be against this only makes sense if you are one of the moochers who do not pay for insurance currently and allow those of us who do to foot the bill for you.
 
OK, Jim, explain just how that is the case at present.

Ok Old Rocks, lets just buy everyone a 60" flatscreen 3D tv. Why not? That wont cost anyone anything, afterall it's just government money and noone has to pay, is that your arguement? and if not, let us know how this is wrong.
 

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