Skip to comments.Obamacare: Seven New Taxes on Citizens Earning Less than $250,000
Posted on 06/30/2012 2:05:56 PM PDT by TurboZamboni
While we were all debating the cost to our liberty due to the Patient Protection and Affordable Care Act (Obamacare), we were ignoring the cost to our pockets. If there ever was a reason for bipartisan rage about this law, it should be on the twenty - yes, twenty - hidden new taxes of this law. Making matters even more relevant is that seven of these taxes are levied on all citizens regardless of income. Hence, Mr. Obamas promise not to raise taxes on anyone earning less than $250,000 is just another falsehood associated with this legislation.
(Excerpt) Read more at breitbart.com ...
When you wind up paying a penalty, I assume you're getting health insurance for your money. They'll probably be able to confiscate every penny you have...making you a ward of the state.
The loss of cogressional accountability:
1. The constitution authorizes the collection of tariffs.
2. Congress authorizes a (strictly temoporary) income tax to pay for the expenses incurred in fighting the Civil War.
3. The income tax becomes permanent.
4. Sensing blood in the water, congress begins to tax anything and everything.
5. Obama asserts (and Roberts approves) the power to force Americans to buy anything it deems appropriate.
Great I can look forward to libs blaming me for the plight of the poor.
So do you suppose that with these tax increases, at least he will balance the budget?
I’m looking forward to watching Obama’s face as Roberts swears in President Romney on 1/20/2013.
I am going to get squeezed between the FSA cap and the new 10% deductibility limit. I have a medically involved child so I almost always hit my catastrophic cap. Throw in the medical device tax for the icing on the cake.
The Robert’s goofy ruling has stirred up a bee hive.
There are lots and lots of people who are extremely angry.
Canadian health care 'waiting periods' by Province:
Balance the budget ?
It is impossible to even produce a net gain by extending universal health coverage to everyone. The poor and unemployed do not have enough money to pay for their health care. That problem still exists.
First black president. Worst president ever.
Becoming an illegal alien is looking more appealing with each passing day..
Pretty trite way to put it. The ruling was anything but "goofy", it was a stake in the heart of the Freedoms we still had. His ruling indicated that while the government cannot force you to do something that is un-Constitutional, it can tax you for not doing it and keep increasing the taxes until you have no choice. He gave them "extortion on a silver platter" as a sure-fire means of subjugating the People. I'm hoping the "behive" you speak of becomes the proverbial hornets' nest because the reaction needs to be strong and sustained if we are to survive as a free Nation.
About the only difference I see in the US and that sorry country is WE have Obama and THEY DON’T!!!
And it is always going to exsist.
I haven't been this angry since 9-11. They just won't leave us alone. I'm over it. I would support a political agenda that does nothing but mess with the lives of Joe and Jane Liberal; life in prison for pot use; life in prison for abortion; fines for not buying a gun; fines for not eating fast food, etc. To hell with these people.
And the only way to handle that in a fiscally prudent manner was to only have the poor use health care in life threatening situations. And in some cases, not use it all. To now give them universal coverage with no net payment, because a net payment is impossible, is to remove the fiscally sound barriers. They will be no net income from this. And if the feds take the penalty money and use it for the general fund, the insurers wont even see increased payments for their vastly increased costs. Insurers go bust and only the upper middle class and rich get health care.
He won't be there either.
We have quite a few new taxes in this law. Presumably 100% of the revenues go to the treasury and not to any regime slush funds.
That way when the money is spent Congress has to pass an appropriations bill identifying what is being spent.
I have no doubt there are some circuit breaker provisions in the law that allow revenues from a tax to be spent directly by the Secretary as she deems fit.
That is a total bypass of Congress, the Constitution, and the law.
That brand name is now ruined beyond further use.
If only our elected Representatives, the ones we trust with reading and writing our laws, would have had a chance to read the bill. Was aware of the hidden taxes the dimwits have been lying about. My points were with respect to the penalty phase of the bill for non-compliance. We are not supposed to know about the hidden taxes, which are the real reason they passed this monstrosity in the first place. Thanks for the additional info.
I wish there was time to impeach him.
Maybe there will be next year.
Rover, rover, let Biden take over!
We really need to have that traced in some detail.
Tony Wiener knows already ~ he wrote it ~ so maybe he'd like to tell us ~ one way or the other.
Bump for reference....