Posted on 12/25/2013 8:06:18 PM PST by lowbridge
Here comes the ObamaCare tax bill.
The cost of President Obama’s massive health-care law will hit Americans in 2014 as new taxes pile up on their insurance premiums and on their income-tax bills.
Most insurers aren’t advertising the ObamaCare taxes that are added on to premiums, opting instead to discretely pass them on to customers while quietly lobbying lawmakers for a break.
But one insurance company, Blue Cross Blue Shield of Alabama, laid bare the taxes on its bills with a separate line item for “Affordable Care Act Fees and Taxes.”
The new taxes on one customer’s bill added up to $23.14 a month, or $277.68 annually, according to Kaiser Health News. It boosted the monthly premium from $322.26 to $345.40 for that individual.
The new taxes and fees include a 2 percent levy on every health plan, which is expected to net about $8 billion for the government in 2014 and increase to $14.3 billion in 2018.
There’s also a $2 fee per policy that goes into a new medical-research trust fund called the Patient Centered Outcomes Research Institute.
Insurers pay a 3.5 percent user fee to sell medical plans on the HealthCare.gov Web site.
(Excerpt) Read more at nypost.com ...
Please clarify what the three percent tax was based upon, in the case of your friend selling her house. Three percent of the closing fees, or three percent of the sale price of the home.
ObamaCare isn’t about healthcare. It’s about politicians stealing money from hardworking Americans. Bass turds.
3.8% of the gain, I believe. “unearned income”
I wonder how they will figure that on a house I built instead of bought.
If you sell it, you’ll find out.
>> The 3% Obamacare tax was already on her closing statement.
WTF???
My comment was tongue in cheek. I hoped since I was posting on FR it would be obvious.
Why not? It borrows money from itself.
I prefer they tax themselves, and leave me out of the loop....
Hopefully they don’t decide that they like those taxes...
They like to claim that those folks are paying taxes...
Therefore it was.........
I know! Here we were celebrating the closing before Jan. 1, and the tax was already there! Like she said, “I can’t afford to fight it.”
She did say, but I’ve forgotten exactly where it was applied. I’ll talk with her soon and try to get clarity.
That’s only on the cap gain, right?
3.8% of cap gain > $250k AGI
Don’t know. I’ll talk with her this week and ask for more details.
Yeah, I had actually already linked to an explanation in post 19.
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