LIER IN CHIEF ! and his BIT- CHs CLINTON AND PELOSI
THE HIDDEN TRUTH , THIS GROUP WILL STOMP ANYONE WHO GETS IN THEIR WAY ! EVEN ALL OF AMERICA!
According to Americans
for Tax Reform, Obamacare contains 20 new or higher taxes on
American families and small businesses.
Arranged by their respective
effective dates, below is the total list of all $500 billion-plus in tax hikes
(over the next ten years) in Obamacare, where to find them in the bill, and how
much your taxes are scheduled to go up as of today:
Taxes that took effect in
1. Excise Tax on Charitable Hospitals
(Min$/immediate): $50,000 per hospital if they fail to meet new
"community health assessment needs," "financial assistance," and "billing and
collection" rules set by HHS. Bill: PPACA; Page: 1,961-1,971.
Codification of the “economic substance doctrine” (Tax hike of $4.5
billion). This provision allows the IRS to disallow completely-legal tax
deductions and other legal tax-minimizing plans just because the IRS deems that
the action lacks “substance” and is merely intended to reduce taxes owed. Bill:
Reconciliation Act; Page: 108-113.
3. “Black liquor” tax
hike (Tax hike of $23.6 billion). This is a tax increase on a type of
bio-fuel. Bill: Reconciliation Act; Page: 105.
4. Tax on
Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax
on the industry imposed relative to share of sales made that year. Bill: PPACA;
5. Blue Cross/Blue Shield Tax Hike
($0.4 bil/Jan 2010): The special tax deduction in current law for Blue
Cross/Blue Shield companies would only be allowed if 85 percent or more of
premium revenues are spent on clinical services. Bill: PPACA; Page:
6. Tax on Indoor Tanning Services ($2.7
billion/July 1, 2010): New 10 percent excise tax on Americans using indoor
tanning salons. Bill: PPACA; Page: 2,397-2,399.
Taxes that took
effect in 2011:
7. Medicine Cabinet Tax ($5
bil/Jan 2011): Americans no longer able to use health savings account (HSA),
flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars
to purchase non-prescription, over-the-counter medicines (except insulin). Bill:
PPACA; Page: 1,957-1,959.
8. HSA Withdrawal Tax Hike
($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals
from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and
other tax-advantaged accounts, which remain at 10 percent. Bill: PPACA; Page:
Taxes that took effect in 2012:
Employer Reporting of Insurance on W-2 (Min$/Jan 2012): Preamble to taxing health benefits on
individual tax returns. Bill: PPACA; Page: 1,957.
Read about the rest of the taxes to take effect at
Read more: http://www.kfiam640.com/pages/Handel2.html?article=10241127#i...
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