The infamous words of all-too corrupt Nancy Pelosi have returned to bite the country in the butt. “We have to pass the bill so you can find out what’s in it . . .” the irresponsible Speaker of the House said. While the lambs were being led to slaughter, many of us did know and tried to head it off. Of course, President Obama, Veep Biden, the White House staff, Nancy and other senior members of the Congress and leadership staff there are all exempt . . . so the first thing the country is finding out is that ObamaCare is too much of a threat for our “leaders” to treat themselves to it.
Across the nation at least 7% of all residents are not covered by ObamaCare despite its huge pricetags. In the first full decade the law will cost a minimum of $2.4 TRillion despite removing Medicare Advantage coverage for older citizens. Health Savings Account (HSA) owners will either need to buy new policies are ante-up stiff penalty bucks. Although benefits for the most part won’t start until 2014, taxpayers will begin paying ObamaCare taxes NOW and there are a total of 19 new taxes imposed on us because of ObamaCare’s passage into law.
The CBO estimates that 8-9 million people will now lose their employer-provided health care coverage despite Mr. Obama’s promise “people who like their insurance now can keep it.” Expect a huge new tax burden. Here’s what Nancy dropped on us . . . .
Employers must buy government approved health coverage if they have 50 employees or more and at least one of their employess receives a tax credit for health care or pay a yearly penalty of $2,000 per employee.
16,500 new IRS agents will be hired to enforce the taxes mentioned here and other new ObamaCare taxes . . .
The first federal sales tax in the American Republics history has been passed: 10% tax on all earnings from tanning salons paid directly to the federal government.
Individuals must buy a government approved health policy or they must pay a yearly penalty of $695 or up to 2.5% of their income.
Families must buy a government approved health policy or pay a penalty of $347 per child up to $2,250 per family.
All home sales and all other real estate transaction will be taxed 3.8%. Middle income sellers even if they immediately buy a home the very same day must pay this tax which amounts to $7,600 on a $200,000 home.
Medicare taxes are increased on single taxpayers earning $200,000 or more and couples earning $250,000 a year or more (thus it is a huge marriage penalty tax) by an additional 0.9%.
A new 2.9% medical aid tax on items that never were taxed before has now been imposed. All these and many other Obamacare taxes start immediately.
In 2018, however, those of us with so-called “Cadillac health care plans will be imposed a 40% annual tax if their plan is valued at $10,200 for individuals or more and for families if valued at $27,500 or more. Mr. Obama’s union friends, however, will be exempted from taxes on their Cadillac plans.
Projections made by business leaders recently say that by 2018 taxes associated with Obamacare will cost the country over four million additional lost jobs.
Ya’all live long, strong and ornery,
Rajjpuut
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