The opinions expressed by columnists are their own and do not represent our advertisers

Saturday, June 30, 2012

Obamacare: Seven New Taxes on Citizens Earning Less than $250,000

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. Obama’s promise not to raise taxes on anyone earning less than $250,000 is just another falsehood associated with this legislation.

The first, and best known, of these seven taxes that will hit all Americans as a result of Obamacare is the Individual Mandate Tax (no longer concealed as a penalty). This provision will require a couple to pay the higher of a base tax of $1,360 per year, or 2.5% of adjusted growth income starting with lower base tax and rising to this level by 2016.  Individuals will see a base tax of $695 and families a base tax of $2,085 per year by 2016.  



Anonymous said...

And you were expecting a free ride on this turkey? Ha ha!

Anonymous said...

People getting a free ride don't pay taxes anyway so Obama will get their vote. They could give a s@@t and don't care about the taxes we will have to pay.

Anonymous said...

What would happen if every legally employed person goes on strike?

Anonymous said...

Perhaps everyone should pay something in taxes if for no other reason than to know what it's like.

Whether you work hard and earned it or sitting on your duff getting free handouts you should be required to 'give up' some of it for 'tax purposes'. That would open some eye.s