Free Republic

When the Supreme Court ruled in June 2012 that Obamacare is a tax, they weren't kidding. Obamacare taxes and fees set to kick in this year are sure to put a dent in your wallet and in the economy. The folks over at the Heritage Foundation have put together a list of what's to come in 2014 to show you how you'll be directly paying for President Obama's signature legislation. 1. Individual Mandate Tax. The individual mandate is designed to strong-arm individuals into purchasing government-approved health insurance or facing a tax penalty. In 2014, the penalty for not purchasing insurance...

A new IRS tax regime in 2014 will be devastating for the U.S. economy, and for millions of Americans working abroad, especially those in the middle class. New U.S. Tax Regime is "Devastating," Experts Say The New American 30 December 2013 Already facing “pariah” status worldwide due to onerous IRS requirements, millions of Americans living and working abroad are preparing to deal with a deluge of even bigger problems in 2014, when a byzantine new tax regime starts going into effect. Known as the Foreign Account Tax Compliance Act, or FATCA, the deeply controversial and incredibly complex scheme is...

President Barack Obama today proposed allowing the income tax rates enacted in the Bush tax cuts of the last decade to expire at the end of this year for people earning more than $250,000 and at the end of next year for everyone else. Under current law, the lower tax rates will expire at the end of 2012. Under Obama's proposal, they will expire at the end of 2012 for those making more than $250,000 and at the end of 2013 for Americans making less than $250,000. “At the same time, most people agree, we should not raise taxes on...