These new healthcare taxes will burden our economy even further when we can least afford it. How will that help the average American? How will this healthcare plan help us if we have no jobs? Are the politicians in Washington DC on drugs or something? The key to understanding their insanity is how they have manipulated this bill so as to make it appear to be deficit neutral as President Obama has demanded. What they have done is to precook the books; they will begin the taxes 5 years before the services begin. In this way it is, or might be, deficit neutral. But what of the future, what about the next ten years? Will they somehow stop time for five years to collect the taxes for the next ten years? Will we by then be able to use some kind of a time warp to collect taxes before, during, and or after we need them? I’m confused, and I think that they are too. jbranstetter04 Taxes Proposed to Pay for Health Care Reform The US Senate recently released its long-awaited proposal for a government-run hostile takeover of the entire US health care system. Predictably, it includes a barrage of higher taxes to pay for the bill’s immense price tag. An important addition to the list of tax hikes included in the Senate bill was an increase in the Medicare portion of the payroll tax. The current Medicare tax is 2.9 percent, paid half each by workers and employers. The proposal in the Senate bill raises this to 3.4 percent for workers making more than $200000 a year ($250000 for joint …
Posts Tagged ‘Taxing’
New Healthcare Taxes; Senate version – 10 years of taxing for 5 years of service – Glenn Beck
Thursday, April 15th, 2010Paul Watson’s Article About Obamacare: Taxing The American People Into Oblivion on Alex Jones Tv
Sunday, March 28th, 2010
Obamacare: Taxing The American People Into Oblivion Steve Watson and Paul Watson www.prisonplanet.com Tuesday, March 23rd, 2010 HR 3590, The Patient Protection and Affordable Care Act, to give it its full title, is rammed full of tax increases which will further economically cripple Americans already laboring under the worst financial crisis since the great depression. The partnering Reconciliation Act, currently in the Senate, also contains a raft of pork barrel and tax hikes, there to fund the trillion dollar cost of nationalizing medicine. As reported by Bloomberg News today, analysis by the nonpartisan congressional Joint Committee on Taxation reveals that the bill will generate $409.2 billion in additional taxes by 2019. In addition, the Congressional Budget Office states that the bill also levies almost $69 billion more in penalties for those who fail to meet mandates to buy insurance. The Journal of Accountancy boils down some of the tax hikes and penalty fees in HR 3590 and the Reconciliation Act the highlights include Excise Tax on Uninsured Individuals Individuals who fail to maintain minimum essential coverage will be subject to a penalty equal to $750. The fee for an uninsured individual under age 18 is one-half of the adult fee. Excise Tax on High-Cost Employer Plans The federal government would impose a 40% tax on the value of employer-sponsored health coverage exceeding certain thresholds. Those levels are projected to be $8500 for self only and $23000 for …
