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:
- The Obamacare Medical Device Tax
- The Obamacare Flex Account Tax
- The Obamacare Surtax on Investment Income
- The Obamacare "Haircut" for Medical Itemized Deductions
- The Obamacare Medicare Payroll Tax Hike
Godspeed, America. There are yet more taxes and "fees" on the way.
-ED
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