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Obamacare's Hidden Taxes
IBD Editorials ^
| June 28, 2012
| Editor
Posted on 06/28/2012 5:08:02 PM PDT by Kaslin
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.
(Excerpt) Read more at news.investors.com ...
TOPICS: Business/Economy; Editorial; Government
KEYWORDS: abortion; deathpanels; healthcare; obamacare; obamacaretax; taxes; zerocare
1
posted on
06/28/2012 5:08:07 PM PDT
by
Kaslin
To: Kaslin
Our government is becoming a tyrannical behemoth. Our government is losing the consent of the governed and is showing that it will rule with raw power and can now force any behavior that it wants, or else. If Romney and a Republican Congress is not elected in November and willing to completely repeal this monster, there are no other avenues for redress short of withdrawing the consent of the governed.
2
posted on
06/28/2012 5:19:36 PM PDT
by
Truth29
To: Kaslin
Hidden tax is right. The government can charge whatever it wants for health care, and no one will really know where the money is going. On paper it will just read health care costs.
3
posted on
06/28/2012 5:24:31 PM PDT
by
Telepathic Intruder
(The right thing is not always the popular thing)
To: Kaslin
“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.”
I’m sick of paying for everyone else and that’s why I am refusing to buy insurance or pay the tax for not buying it.
4
posted on
06/28/2012 5:25:39 PM PDT
by
tobyhill
(Conservatives are proud of themselves, Liberals lie about themselves)
To: Kaslin
healthcare is the one thing in this country that absolutely should never be taxed.
5
posted on
06/28/2012 5:28:06 PM PDT
by
Chode
(American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
To: Kaslin
A mandate is not a tax, and a penalty is not a tax, unless you’re Chief Justice Roberts.
6
posted on
06/28/2012 5:33:23 PM PDT
by
popdonnelly
(The first priority is get Obama out of the White House.)
To: Truth29
The republicans gave us Roberts.
Are you really looking to them for salvation?
They are part of the ruling class and share being the problem.
We need to overthrow the aristocracy.
7
posted on
06/28/2012 5:38:17 PM PDT
by
xzins
(Retired Army Chaplain and Proud of It! Those who truly support our troops pray for their victory!)
To: Kaslin
I dubt there are hidden taxes.. they’re roight out in the open, high as hell and going higher.
8
posted on
06/28/2012 5:51:18 PM PDT
by
maddog55
(OBAMA: Why stupid people shouldn't vote!)
To: xzins
Read the last part of what I wrote.
9
posted on
06/28/2012 5:51:33 PM PDT
by
Truth29
To: Truth29
I am jobless at the moment, perhaps I should just disappear! Its too late for our once great republic.
10
posted on
06/28/2012 5:56:22 PM PDT
by
seeker41
(CULPRIT CHINESE COMPANY INFO.)
To: Truth29
Our government is losing the consent of the governed The Federal government has declared itself independent from, and not accountable to, the people of this nation. We are effectively right back where we started in this country: taxation without representation.
I have never evaded taxes in my whole life. But I think I may be about to start.
11
posted on
06/28/2012 6:03:33 PM PDT
by
RatRipper
(I'll ride a turtle to work every day before I buy anything from Government Motors.)
To: Kaslin
I read on another thread, I believe, that healthcare payments would proceed
2012 — stay the same
2013 — increase of minimal dollars
2014 — seems like it jumped to over $200.00 a month
Can anyone verify this?
12
posted on
06/28/2012 6:13:02 PM PDT
by
Salvation
("With God all things are possible." Matthew 19:26)
To: Kaslin
Isn’t there something in the bill that allows the Gov. to withdraw directly from your bank account(s)?
13
posted on
06/28/2012 6:36:12 PM PDT
by
ssschev
(Pick up the can, throw out the trash.)
To: ssschev
14
posted on
06/28/2012 6:44:49 PM PDT
by
Kaslin
(Acronym for OBAMA: One Big Ass Mistake America)
To: Kaslin
Just got this from my health insurance provider:
The Supreme Court decision on the federal health care reform law has settled much of the legal uncertainty over how the law will be carried out.
As a --------------- member, you need not be concerned about any disruption to your coverage and care resulting from the court's decision.
With your health and well-being in mind, we plan to continue our extensive efforts to implement health care reform, which began two years ago when the law first became effective.
- We are implementing state and federal reform laws as an integrated health care system. These laws incorporate certain requirements around health care coverage. They also address broader improvements to the way health care is delivered now and in the future.
- We are continuing to improve the quality and integration of care, and ensuring that we have the resources in place physicians, nurses, and other staff, as well as the right health care facilities to provide the care you and your family will need.
- We are also reviewing the court's decision to determine how it may affect the law's expansion of Medicaid coverage to millions of Americans, which is planned to begin in 2014.
15
posted on
06/28/2012 6:47:02 PM PDT
by
Salvation
("With God all things are possible." Matthew 19:26)
To: Truth29
consent of the governed. Amen, T29. You're right. I missed that part.
The grievances are stacking up.
16
posted on
06/28/2012 7:04:09 PM PDT
by
xzins
(Retired Army Chaplain and Proud of It! Those who truly support our troops pray for their victory!)
To: Kaslin
It is a massive tax and an unconstitutional tax. The Constitution prescribes what sort of taxes Congress may levy. The mandate does not remotely fit any constitutionally permitted taxing methods.
17
posted on
06/29/2012 5:32:13 AM PDT
by
arthurus
(Read Hazlitt's Economics In One Lesson)
To: seeker41
The next 5 months is the time we will be referring to when we ask ourselves the question the inmates of Auschwitz asked themselves, “Why didn’t I get out when I still could?”
18
posted on
06/29/2012 5:34:52 AM PDT
by
arthurus
(Read Hazlitt's Economics In One Lesson)
To: ssschev
Either the HealthCare law or the financial reform law does that.
19
posted on
06/29/2012 5:36:08 AM PDT
by
arthurus
(Read Hazlitt's Economics In One Lesson)
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