Monday, July 2, 2012

Obamacare taxing hypothesis verified below through statement, list and video!

The Left is hitting the speaking circuit hard trying to convince the American people that Obamacare contains no new taxes and that it is in fact not a taxing vehicle at all!

That my good friends is nothing but a bunch of unmitigated crap as you will see below.

But, while the Right needs to pursue the overturning of this monstrosity of a law that will destroy our healthcare system and overburden the nations finances, it cannot allow itself to be made out to be an unfeeling and unsympathetic cadre that dosen't care for the well being of the people.

And although any semblance of lack of caring is of course untrue, the Left along with its comrades in the mainstream media is expert in spreading any message that they believe will help them in November whether factual or not.

At the same time, Republican legislators and conservative commentators who stand before the cameras and speak into microphones in a cold and matter-of-fact style about the false promises of Obamacare, its inherent flaws that will destroy the quality of healthcare in the U.S. as well as its exorbitant cost once fully implemented will in fact be acting as our own worst enemy.

While they are speaking the truth, by delivering the message in this manner they will lose the war in the court of public opinion. And if we lose there, the sentence will be four more years of Obama and Democrat control of the two Houses of Congress!

Therefore it is critical to remember that "compassionate Conservative" are not just words to say but words to live by!

The tale-of-the-tape! Taxes and Obamacare!

Below is a passage from the majority decision of the Supreme Court on Obamacare along with a list of some of the new taxes that the bill, once fully implemented, will impose on the American people! Not just the wealthiest of Americans, but on ALL Americans!

"...Congress's authority under the taxing power is limited to requiring an individual to pay money into the Federal Treasury, no more. If a tax is properly paid, the Government has no power to compel or punish individuals subject to it. We do not make light of the severe burden that taxation -- especially taxation motivated by a regulatory purpose -- can impose. But imposition of a tax nonetheless leaves an individual with a lawful choice to do or not do a certain act, so long as he is willing to pay a tax levied on that choice," the majority wrote..." (Source)

Now here is a list of new taxes that will be imposed by Obamacare and while some will only affect the "millionaires and billionaires" (if earning over $200,000 makes you one of these) that President Obama loves to excoriate, others will affect us all regardless of income.

·  A 3.8% surtax on "investment income" when your adjusted gross income is more than $200,000 ($250,000 for joint-filers). What is "investment income?" Dividends, interest, rent, capital gains, annuities, house sales, partnerships, etc. Taxes on dividends will rise from 15% to 18.8%--if Congress extends the Bush tax cuts. If Congress does not extend the Bush tax cuts, taxes on dividends will rise from 15% to a shocking 43.8%. (WSJ)

·  A 0.9% surtax on Medicare taxes for those making $200,000 or more ($250,000 joint). You already pay Medicare tax of 1.45%, and your employer pays another 1.45% for you (unless you're self-employed, in which case you pay the whole 2.9% yourself). Next year, your Medicare bill will be 2.35%. (WSJ)

·  Flexible Spending Account contributions will be capped at $2,500. Currently, there is no tax-related limit on how much you can set aside pre-tax to pay for medical expenses. Next year, there will be. If you have been socking away, say, $10,000 in your FSA to pay medical bills, you'll have to cut that to $2,500. (

·  The itemized-deduction hurdle for medical expenses is going up to $10,000. Right now, any medical expenses over $7,500 per year are deductible. Next year, that hurdle will be $10,000. (

·  The penalty on non-medical withdrawals from Healthcare Savings Accounts is now 20% instead of 10%. That's twice the penalty that applies to annuities, IRAs, and other tax-free vehicles. (

·  A tax of 10% on indoor tanning services. This has been in place for two years, since the summer of 2010. (

·  A 40% tax on "Cadillac Health Care Plans" starting in 2018.Those whose employers pay for all or most of comprehensive healthcare plans (costing $10,200 for an individual or $27,500 for families) will have to pay a 40% tax on the amount their employer pays. The 2018 start date is said to have been a gift to unions, which often have comprehensive plans. (

·  A"Medicine Cabinet Tax" that eliminates the ability to pay for over-the-counter medicines from a pre-tax Flexible Spending Account. This started in January 2011. (

·  A "penalty" tax for those who don't buy health insurance. This will phase in from 2014-2016. It will range from $695 per person to about $4,700 per person, depending on your income. (More details here.)

·  A tax on medical devices costing more than $100. Starting in 2013, medical device manufacturers will have to pay a 2.3% excise tax on medical equipment. This is expected to raise the cost of medical procedures. (

(List source)

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