Here is Something I Didn’t Know: Another Hidden ObamaCare Tax on the Middle Class
The law’s new 3.8% tax on “high-income” individuals…will hit more and more individuals over time — because the “high-income” thresholds are not indexed for inflation. The Medicare actuary has predicted that the tax will hit only 3 percent of filers when it goes into effect next year, but nearly 80 percent of filers in the long term.
Source: Chris Jacobs.
Obamacare is a disaster of epic proportions.
Well this is no suprise…
I have a novel idea about health policy and taxation. Why not repeal:
1) the PPACA taxes on high income individuals, drug companies, medical devices, health insurers;
2) the subsidies for Health Insurance Exchange coverage;
3) the mandates on individuals and employers
4) the Emergency Medical Treatment and Active Labor Act;
5) medical licensure;
In the place of the above, provide:
1) a uniform tax credit
“we have to pass the bill to find out what’s in it”
– the Wise and Honorable Former Speaker, Nancy Pelosi
ObamaCare has its eyes on the higher-income sectors. Their goal is to make everything more challenging for those with resources and comfortable (earned) lifestyles, and make evetything easier for those who have little or nothing and are not willing to step outside of their comfort zone to get what they want. How is this fair? I have no idea. How does this administration get away with so many little life-changing details? Well, they simply don’t disclose all the relevant information, and when they do…well…the damage has already been done.
Also,
“the law’s new 3.8% tax on “high-income” individuals is assessed on filers’ adjusted gross income — that’s income BEFORE deductions”
Carefule Studebaker, those novel ideas have no place in politics.
yikes-hopefully they correct it to adjust for inflation