Skip to comments.Obamacare: Seven New Taxes on Citizens Earning Less than $250,000
Posted on 06/29/2012 12:04:30 PM PDT by NoLibZone
The first, and best known, of these seven taxes that will hit all Americans as a result of Obamacare is the Individual Mandate Tax (no longer concealed as a penalty). This provision will require a couple to pay the higher of a base tax of $1,360 per year, or 2.5% of adjusted growth income starting with lower base tax and rising to this level by 2016. Individuals will see a base tax of $695 and families a base tax of $2,085 per year by 2016.
Next up is the Medicine Cabinet Tax that took effect in 2011.
The Flexible Spending Account (FSA) Cap, which will begin in 2013, is perhaps the most hurtful provision to the middle class.
Another direct hit to the middle class is the Medical Itemized Deduction Hurdle which is currently 7.5% of adjusted gross income.
The fifth new tax on the middle class, and all Americans, is the Health Savings Account (HSA) Withdrawal Tax Hike.
Another regressive tax that is part of this law began in 2010 and that is the Indoor Tanning Services Tax, which places a 10% excise tax on people using tanning salons.
The seventh new tax that directly impacts the middle class, along with all citizens, is the Excise Tax on Comprehensive Health Insurance Plans or the Cadillac Health Insurance Plan Tax.
There are thirteen other taxes that apply to businesses and that apply to high income (over $250,000 per year) households.
(Excerpt) Read more at breitbart.com ...
There’s also a tax on the sale of a home I believe.
I heard there was a new tax on the sale of gold coins.
“Many of you are well enough off that the tax cuts may have helped you. We’re saying that for America to get back on track, we’re probably going to cut that short and not give it to you. We’re going to take things away from you on behalf of the common good.”
Don’t forget the cigarette tax which was one of the first things signed by Obowma.
Read a PDF @ link!
Well, I guess he kept his campaign promise.
“If you make less than $250K your taxes will not go up one dime, not one dime” (Obama 2008)
Our taxes aren’t going to go up one dime. They are going up much much more.
Read a PDF @ link!
“Theres also a tax on the sale of a home I believe”
Yah, what about that? Is that tax in or out? None of the MSM has mentioned it. I don’t have time to read the 2700 page law.
Also, what about the “centralized database of records” controlled by the government. We never hear anything about that either.
I heard that under Obamacare if you sell your home you owe 2 or 3% tax. Amazing how THAT’S relevant to health care.. And what about those Student loans? That’s run by solely the government now too. More hijacking of the people’s country by the government. Bit by bit..
P.S. The ‘tanning salon tax’ was REPARATIONS TO BROWNS AND BLACKS BY PUNISHING WHTIES’. Only whites go to tanning salons, right? Otherwise, what’s the point of targeting tanning salons? There ISN’T any other point.
From the line @ #6:
Understand that this tax WILL NOT be imposed on all real estate transactions,a common misconception. Rather, when the legislation becomes eff ective in 2013, it may impose a 3.8% tax on some (but not all) income from interest, dividends, rents (less expenses) and capital gains (less capital losses).
The tax will fall only on individuals with an adjusted gross income (AGI) above $200,000 and couples filing a joint return with more than $250,000 AGI.
“Plus you will have to ‘green’ your home before you are allowed to sell it.”
That’s correct. The 3% tax IIRC on selling your home, and the U.N. Agenda 21 inspired greening, and upgrades to the home before you can sell it whether you can afford it or not.
Reminds me of..
"I didn't have sex with that girl....not one time. " That's right, it was several times.
There is also a medical manufacturing tax against companies creating medical devices. My company will get hit to the tune of $14 MILLION in the next year. How many jobs will this cost us? Uncertain but it will directly affect those of us in the MIDDLE CLASS when the job cuts hit.
Thanks, good examples.
Looks like the tax was slipped in at the last hour without debate.
Indoor Tanning Services Tax
I can think of at least one of Obama’s constituencies that won’t be worrying about this one...
No New Taxes...
Isn’t this new 3.8% tax in ADDITION to the Capital Gains tax that will also be imposed??
IF “O’S” LIPS ARE MOVING HE IS LYING.....
and on rental income
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