Monday, December 31, 2012

HAPPY NEW YEAR FROM OBAMA::$1 Trillion Obamacare Tax Hike Hitting on Jan. 1 - Americans for Tax Reform

Americans for Tax Reform : $1 Trillion Obamacare Tax Hike Hitting on Jan. 1: "n January 1, regardless of the outcome of fiscal cliff negotiations, Americans will be hit with a $1 trillion Obamacare tax hike.
Obamacare contains twenty new or higher taxes. Five of the taxes hit for the first time on January 1.  In total, Americans face a net $1 trillion tax hike for the years 2013-2022, according to the Congressional Budget Office.

The five major Obamacare taxes taking effect on January 1 are as follows:

  1. The Obamacare Medical Device Tax
  2. The Obamacare Flex Account Tax
  3. The Obamacare Surtax on Investment Income
  4. The Obamacare "Haircut" for Medical Itemized Deductions
  5. The Obamacare Medicare Payroll Tax Hike

Godspeed, America. There are yet more taxes and "fees" on the way.
-ED

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