Skip to comments.Read the bill: Obamacare socks middle class with $3.9 billion tax increase
Posted on 04/13/2010 12:44:11 PM PDT by Nachum
One more small detail they forgot to tell you about in the health care bill:
Taxpayers earning less than $200,000 a year will pay roughly $3.9 billion more in taxes in 2019 alone because of healthcare reform, according to the Joint Committee on Taxation, Congress official scorekeeper for legislation.
The new law raises $15.2 billion over 10 years by limiting the medical expense deduction, a provision widely used by taxpayers who either have a serious illness or are older.
(Excerpt) Read more at washingtonexaminer.com ...
The list, ping
Let me know if you would like to be on or off the ping list
But...but...but...Obama promised health care would be FREE!
Copy the thread link and email to everyone you know as well as Rush, Hannity, Beck, Savage; get the word out. We The People are already enraged; this treason is icing on no cake!
Let’s pray the “Not one single dime” goes the way as “Read my lips...”
Obama gone in four...Worst President in U.S. history!
hard to compare what Bush 41 said to what this pos has been yelling for months
Bush 41 was duped by the Dems and for that alone he deserved to lose
0dumbo crafted and sold the lie all by himself
yes and the are reducing health care not making it more available....
-Barack Hussein Obama
It also raises taxes on people who use a Flexible spending account. Used to be that you could put aside whatever you wanted for health expenses. Now the limit is $2500.
We used to put aside 5K every year. This limit would cost us another $800 or so in taxes every year if we werent retired now.
I wasn’t establishing blame, I was saying his statement will hopefully go down in history as the phrase that brings him down, among other things.
point taken and I am with you.
0dumbo has many phrases that should take him down
It doesn’t even seem like he cares what he said, it was just what the people who elected him wanted to hear. They elected him for promises that he had really no intention of keeping. He probably doesn’t think he was lieing, because he never said those things, he read them from the teleprompter. It’s harder to remember things you read when you are trying to make them sound meaningful. Pretty much everything he says comes out in little 3- or 4-word chunks, as they come up on the telepromter screen.
“I can make........ a firm pledge,........under my plan ........no family making less........ than $250,000 a year ......... will see any form ........... of tax increase.........Not your ........income tax,.......... not your payyroll tax,........not your.............capital gains taxes,.........not any ............. of your taxes.”
As far as I can tell, that applies to Flexible Savings Accounts, but not to Health Savings Accounts. HSA isn’t mentioned anywhere in the bill, I think.
We have an HSA. I hope there won’t be any further changes to HSA plans.
Obamacare eliminates the middle class.
Only if we STILL HAVE JOBS, that is.
They can dream up all they want, but the truth is that we are in a deflation, and people will have less and less money. Period.
Since HSA's are funded with pre-taxed dollars, I'm thinking there will be.
We have HSA's too, in addition to incredibly expensive poor insurance. We like the HSA's though..
The reduction doesn't go into effect for a couple more years. I think it 2012, but I am to lazy to look it up..
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.