didn't see any tax on the middle class individual in that list, did you?Taxation: The high bench has confirmed that ObamaCare's individual mandate is a massive tax on the American middle class. But let's not forget the 20 other new taxes that are embedded in the law.
Though President Obama never sold it as a tax hike, the Supreme Court ruled the mandate is exactly that. Unfortunately, the majority argued it's legal under Congress' taxing authority.
Forcing citizens to buy health insurance "is absolutely not a tax increase," Obama insisted in 2009. Earlier, he assured the public that raising taxes on the middle class to support his health care plan was "the last thing we need in an economy like this." "Folks are already having a tough enough time," Obama added.
Indeed they are. But his plan, which subsidizes some 30 million uninsured, amounts to a $1.8 trillion whammy on working families. And that's just for starters.
The court was silent about the 20 other different taxes hidden in ObamaCare, more than half of which affect families earning less than $250,000 a year.
The new taxes, which cost some $675 billion over the next decade, include:
• A 2.3% excise tax on U.S. sales of medical devices that's already devastating the medical supply industry and its workforce. The levy is a $20 billion blow to an industry that employs roughly 400,000.
ObamaCare's 21 New Taxes Are 21 More Reasons To Repeal The Onerous Law - Investors.com