Top Five Worst Obamacare Taxes Coming in 2013

[cucharabill]

Originally Posted by NiceGuy53

Churchill did not make the statement about fear that you are referring to. FDR did. Hey... but nice try. LOL.

Churchill's statement regarded socialism: "Socialism works only until you run out of other people's money".

Churchill also had another statement:

"A nation trying to tax its way out of a recession is like a man standing in a bucket and trying to pull himself up by the handle".

[joe bloe]

Originally Posted by cucharabill

Churchill's statement regarded socialism: "Socialism works only until you run out of other people's money".

Churchill also had another statement:

"A nation trying to tax its way out of a recession is like a man standing in a bucket and trying to pull himself up by the handle".

I always heard that one attributed to Maggie Thatcher. Regardless, it's true.

Churchill was a wise man. When he was in the middle east, he had to interact with fundamentalist Muslims; he said they were like rabid dogs.

[acp5762]

Obamacare is nothing more than a cheap Circus act orchestrated by a bunch of political clowns. This video gives a quick overview of this top heavy poorly rationalized piece of legistlation.



http://youtu.be/vdnY8r7_fLw

[NiceGuy53]

TFF

[acp5762]

Originally Posted by joe bloe

I always heard that one attributed to Maggie Thatcher. Regardless, it's true.

Churchill was a wise man. When he was in the middle east, he had to interact with fundamentalist Muslims; he said they were like rabid dogs.

Must be why our gratefull President returned the Bronze Bust of Churchill back to Britain. It was a gift to the people of America from Britain. Obama returns it. What pisses me off it wasn't his to return.

[i'va biggen]

Originally Posted by NiceGuy53

Yeah, and you get a big fat F.

And here I was being nice.oh well...

[drluv1]

Originally Posted by joe bloe

Huge tax increases in the middle of a severe recession, what could go wrong!

Reagan increased taxes 11 or 12 times during his presidency and didn't seem to kill the recovery.

[drluv1]

Originally Posted by joe bloe

I always heard that one attributed to Maggie Thatcher. Regardless, it's true.

Churchill was a wise man. When he was in the middle east, he had to interact with fundamentalist Muslims; he said they were like rabid dogs.

Thatcher never advocated dismantling Britain's health care system. Explain why Canada's unemployment rate is lower than the US. We've lost thousands of jobs in the automotive and related fields to Canada because employers don't have to pay for HEALTH CARE.

[drluv1]

Originally Posted by CuteOldGuy

Odd how these changes were designed to occur AFTER the election.

Of the twenty new or higher taxes in Obamacare, below are the five worst that will be foisted upon Americans for the first time on January 1, 2013.

Of the twenty new or higher taxes in Obamacare, below are the five worst that will be foisted upon Americans for the first time on January 1, 2013:

The Obamacare Medical Device Tax – a $20 billion tax increase: Medical device manufacturers employ 409,000 people in 12,000 plants across the country. Obamacare imposes a new 2.3 percent excise tax on gross sales – even if the company does not earn a profit in a given year. In addition to killing small business jobs and impacting research and development budgets, this will increase the cost of your health care – making everything from pacemakers to prosthetics more expensive.

The Obamacare “Special Needs Kids Tax” – a $13 billion tax increase: The 30-35 million Americans who use a Flexible Spending Account (FSA) at work to pay for their family’s basic medical needs will face a new government cap of $2,500 (currently the accounts are unlimited under federal law, though employers are allowed to set a cap).
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 several million 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. This Obamacare tax provision will limit the options available to these families.

The Obamacare Surtax on Investment Income – a $123 billion tax increase: This is a new, 3.8 percentage point surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income:

2012 Capital Gains Dividends Other*
15% 15% 35%
2013+ (current law)
23.8% 43.4% 43.4%

The table above also incorporates the scheduled hike in the capital gains rate from 15 to 20 percent, and the scheduled hike in dividends rate from 15 to 39.6 percent.

The Obamacare “Haircut” for Medical Itemized Deductions – a $15.2 billion tax increase: Currently, those Americans facing high medical expenses are allowed a deduction to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). This tax increase imposes a threshold of 10 percent of AGI. By limiting this deduction, Obamacare widens the net of taxable income for the sickest Americans. This tax provision will most harm near retirees and those with modest incomes but high medical bills.

The Obamacare Medicare Payroll Tax Hike -- an $86.8 billion tax increase: The Medicare payroll tax is currently 2.9 percent on all wages and self-employment profits. Under this tax hike, wages and profits exceeding $200,000 ($250,000 in the case of married couples) will face a 3.8 percent rate instead. This is a direct marginal income tax hike on small business owners, who are liable for self-employment tax in most cases. The table below compares current law vs. the Obamacare Medicare Payroll Tax Hike:

First $200,000
Current Law ($250,000 Married) All Remaining Wages
Employer/Employee Employer/Employee

1.45%/1.45% 1.45%/1.45%
2.9% self-employed 2.9% self-employed
Obamacare Tax Hike
1.45%/1.45% 1.45%/2.35%
2.9% self-employed 3.8% self-employed



The tables are more clear at: http://www.atr.org/five-worst-obamac...s-coming-a7217

I count about $250 billion in new taxes, how much would insurance companies increase rates if the status quo were left in place? No analysis is complete with an exploration of the alternatives.

[Guest123018-4]

So, you think that insurance companies would increse their rates if not for Obmacare and that you can rationalize the taking of money by the governmetn because of that.
Insurance companies will be forced to raise their rates under Obmacare to cover the increased costs associated not only with the new taxes but with the increased cost of healthcare as a result of the regulations being imposed in the medical field.

One of my doctors told me he had to make a decision whether or not to continue his practice because of the Obamacare act. He explained the additional cost that Obamacare put on him and was not sure if He would stay in business. He decided to continue his practice but was forced to increas his fees to cover the cost of compliance. My procedure went from a little over 300 buck to a little over 800 bucks.

Further, the intelligence of our government at work, the exact same treatment using a different drug with no better effectiveness, costs over 3000 dollars under Medicare.

Obamacare will never reduce the cost of healthcare and is little more than a method of taking money from the people. This is just a stepping stone to complete government control over healthcare delivery. It is no wonder that Canadians come to the US when they need something important done.

[joe bloe]

Originally Posted by drluv1

Reagan increased taxes 11 or 12 times during his presidency and didn't seem to kill the recovery.

Did Reagan raise taxes in a recession? No. You're not making an apples to apples comparison.

[drluv1]

Originally Posted by joe bloe

Did Reagan raise taxes in a recession? No. You're not making an apples to apples comparison.

WRONG!! His largest tax increase was in 1982 at the depths of the recession,

[drluv1]

Originally Posted by The2Dogs

So, you think that insurance companies would increse their rates if not for Obmacare and that you can rationalize the taking of money by the governmetn because of that.
Insurance companies will be forced to raise their rates under Obmacare to cover the increased costs associated not only with the new taxes but with the increased cost of healthcare as a result of the regulations being imposed in the medical field.

One of my doctors told me he had to make a decision whether or not to continue his practice because of the Obamacare act. He explained the additional cost that Obamacare put on him and was not sure if He would stay in business. He decided to continue his practice but was forced to increas his fees to cover the cost of compliance. My procedure went from a little over 300 buck to a little over 800 bucks.

Further, the intelligence of our government at work, the exact same treatment using a different drug with no better effectiveness, costs over 3000 dollars under Medicare.

Obamacare will never reduce the cost of healthcare and is little more than a method of taking money from the people. This is just a stepping stone to complete government control over healthcare delivery. It is no wonder that Canadians come to the US when they need something important done.

Canadians don't come here when they need something important done, they get care done in their country. Why do americans go to India to have major surgeries done?

[joe bloe]

Originally Posted by drluv1

Thatcher never advocated dismantling Britain's health care system. Explain why Canada's unemployment rate is lower than the US. We've lost thousands of jobs in the automotive and related fields to Canada because employers don't have to pay for HEALTH CARE.

For one thing, Canada doesn't have twenty million illegal aliens. Canada doesn't share a two thousand mile border with a third world country. Canada has also benefitted from free defense, paid for by America.

You are right about Thatcher supporting socialized medicine; nobody is perfect. If socialized medicine was the key to a healthy economy, Europe would be thriving instead going bankrupt.

[acp5762]

Originally Posted by The2Dogs

So, you think that insurance companies would increse their rates if not for Obmacare and that you can rationalize the taking of money by the governmetn because of that.
Insurance companies will be forced to raise their rates under Obmacare to cover the increased costs associated not only with the new taxes but with the increased cost of healthcare as a result of the regulations being imposed in the medical field.

One of my doctors told me he had to make a decision whether or not to continue his practice because of the Obamacare act. He explained the additional cost that Obamacare put on him and was not sure if He would stay in business. He decided to continue his practice but was forced to increas his fees to cover the cost of compliance. My procedure went from a little over 300 buck to a little over 800 bucks.

Further, the intelligence of our government at work, the exact same treatment using a different drug with no better effectiveness, costs over 3000 dollars under Medicare.

Obamacare will never reduce the cost of healthcare and is little more than a method of taking money from the people. This is just a stepping stone to complete government control over healthcare delivery. It is no wonder that Canadians come to the US when they need something important done.

I might add, Obamacare isn't really a Healthcare Bill by definition, it only appears to be.Obama care violates our Constitution, our first principals, our basic rights and the very rule of law.