billyerock1991
Gold Member
- Apr 24, 2012
- 7,106
- 506
- 140
I think its the best thing that could happen ... no more using emergency room as your health care plan ... now they get to pay for their health care Just like everybody else does....
How you going to like this.????
- Thread starter ecinicola
- Start date
billyerock1991
Gold Member
- Apr 24, 2012
- 7,106
- 506
- 140
where do you find this crap... nobody goes to jail nobody gets fine ... they tax you for it
billyerock1991
Gold Member
- Apr 24, 2012
- 7,106
- 506
- 140
doesn't matter if you work for cash only ... if you have a social security number and you don't have health care you will be contacted
billyerock1991
Gold Member
- Apr 24, 2012
- 7,106
- 506
- 140
Good answer...
billyerock1991
Gold Member
- Apr 24, 2012
- 7,106
- 506
- 140
still crazy as ever ... go read the damn bill then com back here and tell us what it says in this matter...
billyerock1991
Gold Member
- Apr 24, 2012
- 7,106
- 506
- 140
The Bottom Line on the Obamacare Tax Plan
The ObamaCare taxes boil down to this, that for 98% of Americans the percentage of income paid in taxes won't change much if at all.
The ObamaCare tax plan also reduces the deficit, puts money back into the economy and creates jobs. In fact Obamacare provides the greatest middle class tax cut in healthcare in history (for those under 400% of the poverty line and small businesses specifically).
ObamaCare Taxes on The Average American
Under the new ObamaCare taxes the only tax that most Americans will pay is penalty for not purchasing insurance if one can afford it (explained below). However taxes affecting employers and the health care industry may have an indirect impact on some individuals, specifically employees of large firms affected by the tax hikes. Since most of the taxes haven't gone into effect yet, we don't have much to report beyond speculation as to their effects.
Will I pay More Taxes and High Premiums Because of ObamaCare?
Although we know most of the tax increases in ObamaCare, the price of insurance premiums is up in the air. As the exchanges are figured out and the health insurance companies start pricing insurance we will update our readers.
Please be aware that if your insurance premiums are raising you shouldn't be blaming Obamacare entirely. One of the best things Obamacare does is offer protections against health insurance companies raising premiums for profit called the rate review provision, a measure to provide rebates if companies don't spend 80% of their funds on health care called the 80/20 rule and additional protections like a quick appeal process. Additional protections don't go into effect until 2014 in most states.
Also low to middle income Americans are projected to save an average of 60% using credits and subsidies on the ObamaCare Insurance Exchanges.
It seems some insurance companies are raising costs to capitalize now, "grandfather you into higher rates" before it becomes illegal to do so. Find out more about ObamaCare Health Insurance Premiums
ObamaCare Taxes: Personal Tax Breaks
Many Americans and their families will receive tax breaks when purchasing health insurance on the Online Insurance Marketplaces known as the ObamaCare Exchange. The tax breaks help to ensure that all Americans have access to affordable quality health care.
Americans can't pay more than 12% of their income or less than 1.5% in 2014 on the health insurance exchanges. The amount you pay is on a sliding scale based on your income.
Determine if you are above the poverty level to get a better idea of what taxes you will pay.
ObamaCare Tax Rebates
Insurers will have to provide rebates to consumers if they spend less than 80 to 85% of premium dollars on medical care.
ObamaCare Income Tax Penalty For Not Having Insurance
Starting in 2014, most people will have to have insurance or pay a "penalty deducted from your taxable income". For individuals, penalty starts at $95 a year, or up to 1% of income, whichever is greater, and rise to $695, or 2.5% of income, by 2016.
For families the tax will be $2,085 or 2.5% percent of household income, whichever is greater. The requirement can be waived for several reasons, including financial hardship or religious beliefs. If the tax would exceed 8% of your income you are exempt, also some religious groups are exempt. That tax cannot exceed the cost of a "bronze plan" bought on the exchange.
While some states, including Alabama, Wyoming and Montana, have passed laws to block the requirement to carry health insurance, those provisions do not override federal law.
ObamaCare Home Sales Tax / ObamaCare Real Estate Tax Increase
ObamaCare increases taxes on unearned income by 3.8%. This also applies to home sales over a certain amount. The 3.8% homes sales tax typically doesn't apply to your primary residence. It also doesn't usually apply to homes you have owned for over 5 years or on profits of less than $300k.
In short the ObamaCare home sales tax isn't something that most of us will pay, it is a tax is aimed at people who won't be crippled by the tax, not at the average American buying and selling their primary residence.
What Tax Increases Do the ObamaCare Taxes Include for The $200k/$250k Earners?
Starting in 2013, ObamaCare taxes individuals with earnings above $200,000 and married couples making more than $250,000. This tax is an increase to the Medicare part A payroll tax. It's an increase of 2.35%, up from the current 1.45% ( a .9% Medicare payroll tax hike), on adjusted income over the threshold. This group will also pay a 3.8% unearned income tax on interest, dividends, annuities, royalties, rents, and gains on the sale of investments over the threshold.
Taxable income under the $200/$250k threshold is subject to the same benefits and tax cuts as those who make under the threshold.
Other New ObamaCare Taxes on Top Earners Explained
Starting in 2018, the new health care law imposes a 40% excise tax on the portion of most employer-sponsored health coverage (this excludes dental and vision) that exceed $10,200 a year and $27,500 for families. The tax has been dubbed a "Cadillac" tax because it hits only high end "gold", "platinum" and high-end health care plans not purchased on the exchange. The tax raises over $150 billion over the next 10 years.
ObamaCare also imposes taxes and fees on medical device manufactures, drug companies and health insurance companies. Beginning in 2013, medical device manufacturers and importers must pay a 2.3% tax on the sale of a taxable medical device. This raises $29 billion over a 10 years. However, many states are asking to delay the medical device excise tax to protect jobs in states that produce the devices. An annual fee for health insurers is expected to raise more than $100 billion over 10 years, while a fee for brand name drugs will bring in another $34 billion.
How New ObamaCare Taxes on Top Earners Affect Americans
The above fees may be passed onto some consumers in the form of higher premiums. However the cutting of waste and many additional factors, including tax breaks, tax credits, help with up-front payments and the expansion of Medicaid and Medicare will help drive down the cost of premiums.
ObamaCare Employer / Employee Taxes
Unless you own a company has over 50 employees you do not have to insure your employees. If you exceed these amounts you have to either insure your employees or pay a penalty. The penalty is $2000 an employee and $3000 if they use tax credits to purchase insurance on the exchange
Employers with under 25 full time employees, whose average income doesn't exceed $50k, can apply for tax credits of up to 30% for insuring their employees.
In other words the ObamaCare taxes help small business employees and employers by offering them better health insurance and bigger tax breaks.
Please be aware that if you have employer based health insurance there are a number of factors that could affect you from employers lowering the quality of high costs health care plans by 2018 to avoid the "Cadillac" tax and employers cutting hours to part-time to avoid covering employees. We will keep you updated as to how these, and other factors may impact Americans.
Full List of All Taxes in ObamaCare / All Taxes in the Affordable Care Act
The following list of New ObamaCare taxes collectively raise about $700 billion over the next year. While most ObamaCare taxes won't affect the Average American there are some that will. Here is a complete list of new fees and taxes contained within ObamaCare:
ObamaCare Taxes That Most Likely Won't Effect the 98%
• 2.3% Tax on Medical Device Manufacturers
• 10% Tax on Indoor Tanning Services
• Blue Cross/Blue Shield Tax Hike
• Excise Tax on Charitable Hospitals which fail to comply with the requirements of ObamaCare
• Tax on Brand Name Drugs
• Tax on Health Insurers
• $500,000 Annual Executive Compensation Limit for Health Insurance Executives
• Employer Reporting of Insurance on W-2 (not a tax)
• Corporate 1099-MISC Information Reporting (repealed)
• Codification of the "economic substance doctrine" (not a tax)
• Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D
• Employer Mandate on business with over 50 full-time employees to provide health insurance. $2000 per employee $3000 if employee uses tax credits to buy insurance on the exchange.
• Medicare Tax on Investment Income3.8% over $200k/$250k
• Medicare Part A Tax increase of .9% over $200k/$250k
ObamaCare Taxes That (may) Effect the 98%
• 40% Excise Tax "Cadillac" on Premium Health Insurance Plans 2018
• An annual $63 fee levied by ObamaCare on all plans (decreased each year until 2017 when pre-existing conditions are eliminated) to help pay for insurance companies covering the costs of high-risk pools.
• Medicine Cabinet Tax In Effect
Over the counter medicines no longer qualified as medical expenses for flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), health savings accounts (HSAs), and Archer Medical Saving accounts (MSAs).
• Additional Tax on HSA/MSA Distributions
Health savings account or an Archer medical savings account, penalties for spending money on non-qualifed medical expenses. 10% to 20% in the case of a HSA and from 15% to 20% in the case of a MSA.
• Flexible Spending Account Cap 2013
Contributions to FSAs are reduced to $2,500 from $5,000.
• Medical Deduction Threshold tax increase 2013
Threshold to deduct medical expenses as an itemized deduction increases to 10% from 7.5%.
• Individual Mandate (the tax for not purchasing insurance if you can afford it) 2014
Starting in 2014, anyone not buying "qualifying" health insurance must pay an income tax surtax at a rate of 1% or $95 in 2014 to 2.5% in 2016 on profitable income above the tax threshold. The total penalty amount cannot exceed the national average of the annual premiums of a "bronze level" health insurance plan on ObamaCare exchanges.
The link below provides a full list of ObamaCare Taxes by the IRS.
For a full list of taxes provisions from the IRS
New ObamaCare Taxes Overview
Going through the new Obamacare taxes line by line is in itself taxing. The bottom line is that a majority of Americans will find themselves paying less for better healthcare, while the nations wealthiest will pay tax rates closer to what they did in the Clinton years. Obamacare pays for most of itself via the above taxes, reforms to Medicare and health care as a whole, as well as cutting out billions in wasteful spending.
ObamaCare Taxes Moving Forward into 2014
We hope this helps you to understand the new Obamacare taxes and how they work. Many of the ObamaCare's taxes won't be fully implemented until 2022. Obamacare helps all Americans get access to quality affordable healthcare, regulates insurance and cuts waste. At the end of the day the ObamaCare taxes aren't the worst way to spend your tax dollars. Make sure to look out for ObamaCare tax breaks, credits, subsidies and breaks on up front costs moving forward into 2014. As we learn more we will update our full ObamaCare tax list.
The ObamaCare taxes boil down to this, that for 98% of Americans the percentage of income paid in taxes won't change much if at all.
The ObamaCare tax plan also reduces the deficit, puts money back into the economy and creates jobs. In fact Obamacare provides the greatest middle class tax cut in healthcare in history (for those under 400% of the poverty line and small businesses specifically).
ObamaCare Taxes on The Average American
Under the new ObamaCare taxes the only tax that most Americans will pay is penalty for not purchasing insurance if one can afford it (explained below). However taxes affecting employers and the health care industry may have an indirect impact on some individuals, specifically employees of large firms affected by the tax hikes. Since most of the taxes haven't gone into effect yet, we don't have much to report beyond speculation as to their effects.
Will I pay More Taxes and High Premiums Because of ObamaCare?
Although we know most of the tax increases in ObamaCare, the price of insurance premiums is up in the air. As the exchanges are figured out and the health insurance companies start pricing insurance we will update our readers.
Please be aware that if your insurance premiums are raising you shouldn't be blaming Obamacare entirely. One of the best things Obamacare does is offer protections against health insurance companies raising premiums for profit called the rate review provision, a measure to provide rebates if companies don't spend 80% of their funds on health care called the 80/20 rule and additional protections like a quick appeal process. Additional protections don't go into effect until 2014 in most states.
Also low to middle income Americans are projected to save an average of 60% using credits and subsidies on the ObamaCare Insurance Exchanges.
It seems some insurance companies are raising costs to capitalize now, "grandfather you into higher rates" before it becomes illegal to do so. Find out more about ObamaCare Health Insurance Premiums
ObamaCare Taxes: Personal Tax Breaks
Many Americans and their families will receive tax breaks when purchasing health insurance on the Online Insurance Marketplaces known as the ObamaCare Exchange. The tax breaks help to ensure that all Americans have access to affordable quality health care.
Americans can't pay more than 12% of their income or less than 1.5% in 2014 on the health insurance exchanges. The amount you pay is on a sliding scale based on your income.
Determine if you are above the poverty level to get a better idea of what taxes you will pay.
ObamaCare Tax Rebates
Insurers will have to provide rebates to consumers if they spend less than 80 to 85% of premium dollars on medical care.
ObamaCare Income Tax Penalty For Not Having Insurance
Starting in 2014, most people will have to have insurance or pay a "penalty deducted from your taxable income". For individuals, penalty starts at $95 a year, or up to 1% of income, whichever is greater, and rise to $695, or 2.5% of income, by 2016.
For families the tax will be $2,085 or 2.5% percent of household income, whichever is greater. The requirement can be waived for several reasons, including financial hardship or religious beliefs. If the tax would exceed 8% of your income you are exempt, also some religious groups are exempt. That tax cannot exceed the cost of a "bronze plan" bought on the exchange.
While some states, including Alabama, Wyoming and Montana, have passed laws to block the requirement to carry health insurance, those provisions do not override federal law.
ObamaCare Home Sales Tax / ObamaCare Real Estate Tax Increase
ObamaCare increases taxes on unearned income by 3.8%. This also applies to home sales over a certain amount. The 3.8% homes sales tax typically doesn't apply to your primary residence. It also doesn't usually apply to homes you have owned for over 5 years or on profits of less than $300k.
In short the ObamaCare home sales tax isn't something that most of us will pay, it is a tax is aimed at people who won't be crippled by the tax, not at the average American buying and selling their primary residence.
What Tax Increases Do the ObamaCare Taxes Include for The $200k/$250k Earners?
Starting in 2013, ObamaCare taxes individuals with earnings above $200,000 and married couples making more than $250,000. This tax is an increase to the Medicare part A payroll tax. It's an increase of 2.35%, up from the current 1.45% ( a .9% Medicare payroll tax hike), on adjusted income over the threshold. This group will also pay a 3.8% unearned income tax on interest, dividends, annuities, royalties, rents, and gains on the sale of investments over the threshold.
Taxable income under the $200/$250k threshold is subject to the same benefits and tax cuts as those who make under the threshold.
Other New ObamaCare Taxes on Top Earners Explained
Starting in 2018, the new health care law imposes a 40% excise tax on the portion of most employer-sponsored health coverage (this excludes dental and vision) that exceed $10,200 a year and $27,500 for families. The tax has been dubbed a "Cadillac" tax because it hits only high end "gold", "platinum" and high-end health care plans not purchased on the exchange. The tax raises over $150 billion over the next 10 years.
ObamaCare also imposes taxes and fees on medical device manufactures, drug companies and health insurance companies. Beginning in 2013, medical device manufacturers and importers must pay a 2.3% tax on the sale of a taxable medical device. This raises $29 billion over a 10 years. However, many states are asking to delay the medical device excise tax to protect jobs in states that produce the devices. An annual fee for health insurers is expected to raise more than $100 billion over 10 years, while a fee for brand name drugs will bring in another $34 billion.
How New ObamaCare Taxes on Top Earners Affect Americans
The above fees may be passed onto some consumers in the form of higher premiums. However the cutting of waste and many additional factors, including tax breaks, tax credits, help with up-front payments and the expansion of Medicaid and Medicare will help drive down the cost of premiums.
ObamaCare Employer / Employee Taxes
Unless you own a company has over 50 employees you do not have to insure your employees. If you exceed these amounts you have to either insure your employees or pay a penalty. The penalty is $2000 an employee and $3000 if they use tax credits to purchase insurance on the exchange
Employers with under 25 full time employees, whose average income doesn't exceed $50k, can apply for tax credits of up to 30% for insuring their employees.
In other words the ObamaCare taxes help small business employees and employers by offering them better health insurance and bigger tax breaks.
Please be aware that if you have employer based health insurance there are a number of factors that could affect you from employers lowering the quality of high costs health care plans by 2018 to avoid the "Cadillac" tax and employers cutting hours to part-time to avoid covering employees. We will keep you updated as to how these, and other factors may impact Americans.
Full List of All Taxes in ObamaCare / All Taxes in the Affordable Care Act
The following list of New ObamaCare taxes collectively raise about $700 billion over the next year. While most ObamaCare taxes won't affect the Average American there are some that will. Here is a complete list of new fees and taxes contained within ObamaCare:
ObamaCare Taxes That Most Likely Won't Effect the 98%
• 2.3% Tax on Medical Device Manufacturers
• 10% Tax on Indoor Tanning Services
• Blue Cross/Blue Shield Tax Hike
• Excise Tax on Charitable Hospitals which fail to comply with the requirements of ObamaCare
• Tax on Brand Name Drugs
• Tax on Health Insurers
• $500,000 Annual Executive Compensation Limit for Health Insurance Executives
• Employer Reporting of Insurance on W-2 (not a tax)
• Corporate 1099-MISC Information Reporting (repealed)
• Codification of the "economic substance doctrine" (not a tax)
• Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D
• Employer Mandate on business with over 50 full-time employees to provide health insurance. $2000 per employee $3000 if employee uses tax credits to buy insurance on the exchange.
• Medicare Tax on Investment Income3.8% over $200k/$250k
• Medicare Part A Tax increase of .9% over $200k/$250k
ObamaCare Taxes That (may) Effect the 98%
• 40% Excise Tax "Cadillac" on Premium Health Insurance Plans 2018
• An annual $63 fee levied by ObamaCare on all plans (decreased each year until 2017 when pre-existing conditions are eliminated) to help pay for insurance companies covering the costs of high-risk pools.
• Medicine Cabinet Tax In Effect
Over the counter medicines no longer qualified as medical expenses for flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), health savings accounts (HSAs), and Archer Medical Saving accounts (MSAs).
• Additional Tax on HSA/MSA Distributions
Health savings account or an Archer medical savings account, penalties for spending money on non-qualifed medical expenses. 10% to 20% in the case of a HSA and from 15% to 20% in the case of a MSA.
• Flexible Spending Account Cap 2013
Contributions to FSAs are reduced to $2,500 from $5,000.
• Medical Deduction Threshold tax increase 2013
Threshold to deduct medical expenses as an itemized deduction increases to 10% from 7.5%.
• Individual Mandate (the tax for not purchasing insurance if you can afford it) 2014
Starting in 2014, anyone not buying "qualifying" health insurance must pay an income tax surtax at a rate of 1% or $95 in 2014 to 2.5% in 2016 on profitable income above the tax threshold. The total penalty amount cannot exceed the national average of the annual premiums of a "bronze level" health insurance plan on ObamaCare exchanges.
The link below provides a full list of ObamaCare Taxes by the IRS.
For a full list of taxes provisions from the IRS
New ObamaCare Taxes Overview
Going through the new Obamacare taxes line by line is in itself taxing. The bottom line is that a majority of Americans will find themselves paying less for better healthcare, while the nations wealthiest will pay tax rates closer to what they did in the Clinton years. Obamacare pays for most of itself via the above taxes, reforms to Medicare and health care as a whole, as well as cutting out billions in wasteful spending.
ObamaCare Taxes Moving Forward into 2014
We hope this helps you to understand the new Obamacare taxes and how they work. Many of the ObamaCare's taxes won't be fully implemented until 2022. Obamacare helps all Americans get access to quality affordable healthcare, regulates insurance and cuts waste. At the end of the day the ObamaCare taxes aren't the worst way to spend your tax dollars. Make sure to look out for ObamaCare tax breaks, credits, subsidies and breaks on up front costs moving forward into 2014. As we learn more we will update our full ObamaCare tax list.
Last edited:
billyerock1991
Gold Member
- Apr 24, 2012
- 7,106
- 506
- 140
I can tell you the exact number of how many will be jailed ... "0" will be jailed
That's what they used to say about mandatory auto insurance laws.
You can run, but you can't hide. Big Brother will find you.
billyerock1991
Gold Member
- Apr 24, 2012
- 7,106
- 506
- 140
what the law say is it is based on your income ... you can be charged a year up to penalty starts at $95 a year, or up to 1% of income, whichever is greater, and rise to $695, or 2.5% a year and the cost is based on your income for a single person ... for a family max is $2,085 or 2.5% percent of household income ...heaven for bit that Emily Cicicola read the god damn bill for once in her life
Last edited:
billyerock1991
Gold Member
- Apr 24, 2012
- 7,106
- 506
- 140
auto insurance laws have nothing to do with health care... it was passed by the states not the fed's ... if the states want to jail you, fine that's the states and not the federal law... but until then should of, would of, could of, hasn't any valuer here ... the law say what the law says at this time ... to imply that they will jail you now is nothing more then lying ...
billyerock1991
Gold Member
- Apr 24, 2012
- 7,106
- 506
- 140
that's right you can run but you can't hide from your obligations ...I'm tired of paying for people who don't have health care
Jail time, or simply being shot to death by police, is the underlying "promise" behind every single law on the books. Yes, even a lowly stop sign violation is backed up by that very same outcome if you don't abide. The lie here is in the law, along with others like "this isn't a tax". No amount of legalese can cover the obvious fact that laws are enacted to be enforced, not ignored. If and when there is significant civil disobedience re: the mandate, they will 'crack down'.
As many supporters of the bill will happily point out, PPACA is a 'foot in the door' for those who want more control over our health care. The health insurance lobby is already hard at work pressuring government to increase the penalties for non-compliance. If you think we have a chance in hell at 'outbidding' the lobbyists when it comes to future amendments to PPACA, you are naive at best.
No one is forcing you to do that. Or rather, not until PPACA goes into effect.
LordBrownTrout
Diamond Member
A lot of us are tired of supporting bullshit such as ocare, social engineering, and in general, the govt lack of accountability in wasting our hard earned money.
Greenbeard
Gold Member
October 1 is when the marketplaces open for people who don't have access to affordable employer-sponsored health plans through their jobs. if you're one of those who'll be shopping in one of those markets later this year, start learning about them now:
About the Health Insurance Marketplace | HealthCare.gov
billyerock1991
Gold Member
- Apr 24, 2012
- 7,106
- 506
- 140
sucks to be you ... get use to it ... cause you're going to pay now
billyerock1991
Gold Member
- Apr 24, 2012
- 7,106
- 506
- 140
you hear these righties always complaining about anything ... finally we get the people who have been screwing the health care system and they whine about it without one of them even look at the bill it self ...
billyerock1991
Gold Member
- Apr 24, 2012
- 7,106
- 506
- 140
i've never seen so much stupidity in one person to date ... and buddy you take the stupid person prize of the year
ArmyCowboy
The Dark Lord
And come and see me, I'll be selling health insurance by then.
Like I said, I may not like the law, but I'm going to be taking advantage of it.
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