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ObamaCare Tax Increases Are Double Original Estimate


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2013 Mar 13, 12:31am   28,103 views  140 comments

by zzyzzx   ➕follow (9)   💰tip   ignore  

http://www.economicpolicyjournal.com/2013/03/tax-prof-obamacare-tax-increases-are.html

The Joint Committee on Taxation recently released a 96 page report on the tax provisions associated with Affordable Care Act. The report describes the 21 tax increases included in Obamacare, totaling $1.058 trillion – a steep increase from initial assessment, according to the Tax Prof Blog. The summer 2012 estimate is nearly twice the $569 billion estimate produced at the time of the passage of the law in March 2010.

Patrick's code won't let me paste in a table here.

#politics

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136   Homeboy   2013 Mar 19, 5:33am  

CaptainShuddup says

But come on get your shit straight. Most Liberals still claim today, that had those bailouts never happened, then we would be in the "Great" "Great" "great" depression. Of course we all know that's a crock of bullshit. Any Idiot could have been in the Fed and we would have had the same result. Whether they bailed those banks and auto makers out or not.

We just got fucked over in the name of a good crises. Then lets not forget, that it is also the current Libs that claim all of that bailout money got paid back.

You're kidding, right? You pronounce me a "Lib", and then tell me what my opinion is? Your alzheimer's must really be kicking in. Did I EVER say any of those words you are now putting in my mouth? No. Did I ever say I wanted the bailouts to happen? Hell no. Here's the difference between you and me: I don't form opinions just because I think I'm "supposed" to, based on what "group" someone says I'm a part of. Whereas you just pretty much regurgitate whatever thought-rays Fox News has beamed into your brain.

137   Homeboy   2013 Mar 19, 5:37am  

zzyzzx says

They also gave it to millions too lazy to work.

Math doesn't lie. Look at the chart. Is poor people's share of the pie increasing? Nope. Just the wealthy. You can have whatever delusion you choose, but it's not supported by any facts.

138   Homeboy   2013 Mar 19, 5:41am  

pdg says

This is pathetic. Are any of you actually discussing the linked-to article or just trashing each other personally. This has become what Patrick.net is all about now.

Originally we were, but Meccos and MMR carpet-bombed the thread into oblivion.

No point anyway. I tried to actually discuss the topic, but just got verbally abused by the OP and had all my arguments deleted. Instead of trying to refute what I wrote, he just said they were "lies" and deleted them.

And that pretty much is what Patrick.net is all about now.

139   zzyzzx   2013 Mar 25, 7:17am  

http://obamacarefacts.com/obamacare-taxes.php

ObamaCare Taxes That (may) Effect the 98%

40% Excise Tax "Cadillac" on Premium Health Insurance Plans 2018 This will affect a lot of union thugs with their gold plated medical plans

An annual $63 fee levied by ObamaCare on all plans (decreased each year until 2017 when pre-existing conditions are eliminated) to help pay for insurance companies covering the costs of high-risk pools.

Medicine Cabinet Tax In Effect
Over the counter medicines no longer qualified as medical expenses for flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), health savings accounts (HSAs), and Archer Medical Saving accounts (MSAs).

Additional Tax on HSA/MSA Distributions
Health savings account or an Archer medical savings account, penalties for spending money on non-qualifed medical expenses. 10% to 20% in the case of a HSA and from 15% to 20% in the case of a MSA.

Flexible Spending Account Cap 2013
Contributions to FSAs are reduced to $2,500 from $5,000.

Medical Deduction Threshold tax increase 2013
Threshold to deduct medical expenses as an itemized deduction increases to 10% from 7.5%. This means that you are less likely to be able to use the medical expense tax deduction

Individual Mandate (the tax for not purchasing insurance if you can afford it) 2014
Starting in 2014, anyone not buying "qualifying" health insurance must pay an income tax surtax at a rate of 1% or $95 in 2014 to 2.5% in 2016 on profitable income above the tax threshold. The total penalty amount cannot exceed the national average of the annual premiums of a "bronze level" health insurance plan on ObamaCare exchanges.

140   curious2   2013 Mar 25, 7:25am  

Homeboy says

Look at the chart. Is poor people's share of the pie increasing?

The chart shows income, not toxic disproved pills. Obamacare doesn't increase poor people's share of income, it merely opens them up as a market for PhRMA to make even more people physically dependent on Homefool's SSRIs. If you define "tax" more broadly, enduring Homefool's pills (and trying to survive in a community where even more people are similarly medicated out of their minds) will prove very taxing on the health of poor people.

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