- Rise in dividend and capital gains rates will only effect those who earn over $200K single/$250K married.
- The Medicare Payroll tax will rise by a negligible amount; the penalty will effect those who chose not to buy health insurance -- I have no problem hitting them with a tax;
- employers who are hit with a noncompliance tax because they have more than 50 employees should get hit; they should be providing group-leveraged health insurance to their employees (with some kind of co-pay);
- I have no problem with Cadillac Plans getting hit with an excise tax since their receiving employer-paid insurance is tax-free;
- the tax on health insurance companies will hurt their bottom line, but won't effect most Americans since they are regulated as to how much they can hike premiums;
- the 2.5% excise tax on medical devices is reasonable in order to help fund a plan whereby uninsureds are able to obtain affordable healthcare insurance despite pre-existing conditions;
- raising the threshhold from 7.5% to 10% before being able to deduct medical bills won't effect that many people since the greater majority won't have these astronomical bills anymore;
- the Flexible Spending Account cap will probably be removed for those with special needs and that those accounts will not longer be able to buy aspirin or other over-the-counter medications makes sense to me;
- the elimination of employers being able to deduct RX drug coverage for retirees effects a small number of people and plans;
- the Economic Substance Doctrine is something that should have been implemented a loooong time ago;
- the 10% excise tax on indoor tanning? WTF cares?
- disadvantaging HSA's from a 10% to 20% penalty for withdrawal for anything other than medical expenses is generous to me--it simply shouldn't be allowed;
- healthcare insurance company CEO limits of $500K in salary sounds reasonable to me when they're being fed taxpayer dollars every which way but loose;
- there are three other tax hikes that even this sky-is-falling piece calls negligible.
In short, it's all worth it.
As to less access to doctors? I'm not at all sure this projection is accurate. Sick people don't not go to doctors because they're sick. If we do have to wait longer for appointments, we'll find out we're well before we go. And emergency rooms are likely to be freed up for . . . wait for it . . . real emergencies.
Full List of Obamacare Tax Hikes | Congressman Jeff Duncan
Thank you, Quazi!
Some of those tax increases are already affecting us, not to mention the effect the ACA has had on the economy the last 4.5 years
Tax increases on dividends usually only applies to people who make 250k and above.
I don't run into many folks taking advanatages of dividends and low taxes on capital gains makings less than 250k.
It's a horrible law and a horrible idea, to raise taxes so real wwealth can be taken out of the economy and into the black whole of Government.
I have three things to say to both sides of this debate:
For those of you that think this thing, as is, is going to be great and wonderful... wake up.
For those of you who think it's going to make things worse... duh!! Of course it is! It is designed that way!
What is going to take effect next year is little more than a segway. It is the first in a series of calculated steps to get us to single payer. Incrementalism, if you will. The funny thing is, they didn't even try to pretend that this hasn't been the real goal all along. Go back and listen to their own words. Obama himself said that he wants single payer but realizes it's going to take up to maybe twenty years to get there. Why is that? Because the only way it will happen is if the public demands it. How do you get the public to support something they currently do not? You make what they have right now so bad that single payer looks good by comparison.
Pretty simple strategy, don't you think?
2016: NONE OF THE ABOVE
The medical device excise tax makes no sense. "Hi, I'm the ACA and I want to make your healthcare insurance more affordable, by increasing the cost to you for everything used in treating you. You're welcome."
-I don't trust a man who talks about ethics when he's picking my pocket.- Time Enough For Love - Robert A Heinlein
My avatar created by Feliza Estrada email@example.com