Bitter... you strike me as one of those old guys who forwards on every frantic email he gets, without ever bothering to check. This is just another one of those.
http://www.truthorfiction.com/rumors/t/2014-Tax-Increases.htm#.U1LLPfldWSo
And TMC....string of consonants... TPwhatever, you may want to make sure it's "factual tax info" before hitching your wagon to it.
victor809 wrote:
That's funny, because you strike me as someone living in Sec. 8 housing, voting for a living off the public dole, awkwardly indignant as others point out the damage done by those you vote for.
Your link pretty much validated everything I posted - did you bother to read any of it?
On the bright side, it also listed just a couple more facts that were left out, like:
The Obamacarefacts.com site listed the following taxes and tax credits relating to the Affordable Care Act:
ObamaCare Taxes That Most Likely Won't Directly Affect the Average American (Because no true average American uses medical devices, tanning booths, medical insurance, hospitals, name-brand drugs, generic drugs or medicare, right?)Here's your list:
• 2.3% Tax on Medical Device Manufacturers 2014
• 10% Tax on Indoor Tanning Services 2014
• Blue Cross/Blue Shield Tax Hike
• Excise Tax on Charitable Hospitals which fail to comply with the requirements of ObamaCare
• Tax on Brand Name Drugs
• Tax on Health Insurers
• $500,000 Annual Executive Compensation Limit for Health Insurance Executives
• Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D
• Employer Mandate on business with over 50 full-time equivalent employees to provide health insurance to full-time employees. $2000 per employee $3000 if employee uses tax credits to buy insurance on the exchange (marketplace). (pushed back to 2015)
• Medicare Tax on Investment Income 3.8% over $200k/$250k
• Medicare Part A Tax increase of .9% over $200k/$250k
• Employer Reporting of Insurance on W-2 (not a tax)
• Corporate 1099-MISC Information Reporting (repealed)
• Codification of the "economic substance doctrine" (not a tax)
ObamaCare Taxes That (may) Directly Affect the Average American
• 40% Excise Tax "Cadillac" on high-end Premium Health Insurance Plans 2018
• An annual $63 fee levied by ObamaCare on all plans (decreased each year until 2017 when pre-existing conditions are eliminated) to help pay for insurance companies covering the costs of high-risk pools.
• Medicine Cabinet Tax
Over the counter medicines no longer qualified as medical expenses for flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), health savings accounts (HSAs), and Archer Medical Saving accounts (MSAs).
• Additional Tax on HSA/MSA Distributions
Health savings account or an Archer medical savings account, penalties for spending money on non-qualified medical expenses. 10% to 20% in the case of a HSA and from 15% to 20% in the case of a MSA.
• Flexible Spending Account Cap 2013
Contributions to FSAs are reduced to $2,500 from $5,000.
• Medical Deduction Threshold tax increase 2013
Threshold to deduct medical expenses as an itemized deduction increases to 10% from 7.5%.
• Individual Mandate (the tax for not purchasing insurance if you can afford it) 2014
Starting in 2014, anyone not buying "qualifying" health insurance must pay an income tax surtax at a rate of 1% or $95 in 2014 to 2.5% in 2016 on profitable income above the tax threshold. The total penalty amount cannot exceed the national average of the annual premiums of a "bronze level" health insurance plan on ObamaCare exchanges.
Guess that was more than a couple,huh?
Oh, hey, Paul? Your wagons hitched up just fine, buddy. The 2016 wagon train is gonna leave dirt all over the faces of the idiots who did this, too. That's why they're scrambling to hide as much of it as they can.
And wait 'til the employer mandate hits...yeah...🌫
You need any more checking, you let me know, Vic! [frypan] [frypan] [frypan] [frypan] [frypan] [frypan]
Edited by user
12 years ago |
Reason: Not specified
