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(Americans for Tax Reform)   Here are the first five Obamacare taxes that will hit starting January 1 2013. This won't hurt a bit   (atr.org ) divider line
    More: Obvious, obamacare, excise taxes, AEI, flexible spending accounts, income taxes, medical device, Fox Business Network, surtax  
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5604 clicks; posted to Politics » on 29 Sep 2012 at 3:26 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-29 04:40:46 PM  
Suck it Grover. None of these taxes affect me.
 
2012-09-29 04:42:18 PM  
the FSA cap mentioned in the link is very reasonable.

according to a survey by Mercer HR Consulting, just 39% of all workers had access to FSAs (one needs employer sponsorship). of those that had access, just 37% of those workers participated, with an average annual contribution of $1420.

Link
 
2012-09-29 04:43:11 PM  

Dancin_In_Anson: Supporters during the passage debate: This is going to save you money!

Supporters Opposers before and after (to borrow a phrase) finding out what's in it after it's passed: It's going to cost you but it's for your own good!


FTFY
 
2012-09-29 04:44:28 PM  
Wait...the capital gains tax is going up? This is a positive development.
 
2012-09-29 04:51:18 PM  
I see (once again) Dancin in Anson is shown to be wrong, gets shown he is arguing against the people he supports, and leaves rather than being honest.

Such a dishonest, pitiful man.
 
2012-09-29 04:55:57 PM  

The Stealth Hippopotamus: Truncks1: Well shiat. Lets just go back to the way things were because that was working out so damn well!

It was. Everyone in the world traveled here for top notch medical care. Top nurses and doctors hoped and dreamed about coming to America to work. And all and all we had the same levels of people not able to get preventive heath care as anyone else in the world. And everyone and I mean everyone who crosses a threshold of a hospital gets full care.

Remember 100% national healthcare coverage does not mean 100% national access to healthcare


cant tell if sarcastic
 
2012-09-29 04:56:03 PM  

EnviroDude: Lurking Fear: Not by borrowing and running up more debt like the previous administration.


Or the present administration too!


Except the current administration uses that debt to stave off economic bedlam and invest in infrastructure, while the previous administration used it to cut taxes on the wealthy and destroy infrastructure in Iraq.
 
2012-09-29 05:01:17 PM  

dehehn: EnviroDude: Lurking Fear: Not by borrowing and running up more debt like the previous administration.


Or the present administration too!

Except the current administration uses that debt to stave off economic bedlam and invest in infrastructure, while the previous administration used it to cut taxes on the wealthy and destroy infrastructure in Iraq.


Two sides of the same coin. Wake up!
 
2012-09-29 05:01:29 PM  

Lorelle: It seems that the Teabaggers are too busy whining to notice that those taxes DON'T AFFECT MOST AMERICANS.

Stupid Teabaggers.


Teabaggers are worried that these taxes will stop the flow of wealth that has been trickling down on them from their betters.
 
2012-09-29 05:05:02 PM  

balloot: Not a single one of those taxes affect me, or the vast majority of Americans. What does affect me is the fact that I tried to apply for individual health insurance while I started a company, and was denied and couldn't get insurance no matter how much I paid. Obamacare makes that illegal in 2014. Go fark yourself Grover.


Hear, hear! The ACA is a rare win for the middle class in the class war, that's why Republicans hate it so much.

I make a middle class salary and my wife doesn't work (due to a medical condition). I currently pay 20% of my gross income for health insurance for my family. It's an absurd amount and I should receive a significant subsidy starting in 2014 to help pay for it.

Public opinion is already turning and once all the provisions kick in the the middle class is going to love Obamacare. The Republicans better start making plans to take credit for it, because it is never going to be repealed.
 
2012-09-29 05:08:16 PM  

Dancin_In_Anson: Bloody William: Supporters after the debate: This is going to save you money, but it's going to be paid through increasing payroll taxes 9% for households making over $250,000 and increasing capital gains taxes 8.8% for households making over $250,000. The other "taxes" aren't so much taxes as methods to bring costs under control.

In other words, 81% of the "taxes" are tax hikes on the wealthy, and the remaining 19% is primarily deduction and FSA adjustments to control costs and an excise tax on medical device manufacturers, again to control costs.


Click your heels three times and keep telling yourself this over and over and maybe it will come true!


Why don't you prove that it isn't true? Preferably with something other than gaudy footwear, pop culture references or condescending snark.
 
2012-09-29 05:10:48 PM  

downpaymentblues: I see (once again) Dancin in Anson is shown to be wrong, gets shown he is arguing against the people he supports, and leaves rather than being honest.

Such a dishonest, pitiful man.


Oh yeah? Well you're just a big poopy head with farty-pants!
 
2012-09-29 05:13:41 PM  
The ACA could have been a lot better if Republicans had done anything except hang like a millstone around America's neck.
 
2012-09-29 05:17:03 PM  

Graffito: Lorelle: It seems that the Teabaggers are too busy whining to notice that those taxes DON'T AFFECT MOST AMERICANS.

Stupid Teabaggers.

Teabaggers are worried that these taxes will stop the flow of wealth that has been trickling down on them from their betters.


Yeah. What is it with this? They have absolutely zero evidence that the policies that they champion will work ( eight years of Bush the lesser) and yet, they beg for more.
 
2012-09-29 05:18:00 PM  

vpb: The funny thing is that when you look at all these supposedly failed socialist countries with universal health care, they have better medical care than we do and they pay less for it than we pay now.

Link


Yea, but they are dying inside under the yoke of socialism. They don't have our freeeedooom!
 
2012-09-29 05:18:34 PM  
Brought to you by Americans for Shut Up This is My Money Goddammit F*ck Off.
 
2012-09-29 05:25:20 PM  

Mitt Romneys Tax Return: balloot: Not a single one of those taxes affect me, or the vast majority of Americans. What does affect me is the fact that I tried to apply for individual health insurance while I started a company, and was denied and couldn't get insurance no matter how much I paid. Obamacare makes that illegal in 2014. Go fark yourself Grover.

Hear, hear! The ACA is a rare win for the middle class in the class war, that's why Republicans hate it so much.

I make a middle class salary and my wife doesn't work (due to a medical condition). I currently pay 20% of my gross income for health insurance for my family. It's an absurd amount and I should receive a significant subsidy starting in 2014 to help pay for it.

Public opinion is already turning and once all the provisions kick in the the middle class is going to love Obamacare. The Republicans better start making plans to take credit for it, because it is never going to be repealed.


------------------------

My favorite part is it's now generally known as "Obamacare", so it's going to be damn near impossible for Republicans to take any credit for it. Republicans are going to HATE that in 10 years when every American loves and appreciates the ability to have a baseline level of healthcare from the government.
 
2012-09-29 05:27:47 PM  
Obamacare imposes a new 2.3 percent excise tax on gross sales - even if the company does not earn a profit in a given year.


It's called a mother farking sales tax. A clothing store collects them, even if they never earn a profit in a given year. I'm not going to bother with the rest of the article if they're that level of stupid on item one.
 
2012-09-29 05:28:06 PM  

IronTom: They have to get your money to send to Egypt somehow.


You spelt Israel wrong.
 
2012-09-29 05:31:33 PM  

wildcardjack: Obamacare imposes a new 2.3 percent excise tax on gross sales - even if the company does not earn a profit in a given year.


It's called a mother farking sales tax. A clothing store collects them, even if they never earn a profit in a given year. I'm not going to bother with the rest of the article if they're that level of stupid on item one.


If they weren't that stupid, they wouldn't be writing for Americans for Tax Reform.
 
2012-09-29 05:42:45 PM  

KidneyStone: [workplaceqa.dispatch.com image 580x435]


"Who is" indeed.
 
2012-09-29 05:44:56 PM  

Dancin_In_Anson: It's going to cost you but it's for your own good!



That's too bad, because heath care is so cheap and affordable right now. Why does 0bummer have to ruin it with his Socialist ideals?
 
2012-09-29 05:45:58 PM  

clancifer: IronTom: They have to get your money to send to Egypt somehow.

Of course. No money was should ever be sent to Egypt before after January 2009 September 11, 2012.


www.gannett-cdn.com

FTFY
 
2012-09-29 05:51:27 PM  

10.0.0.1: Lurking Fear: Grover, fark you and the horse you rode in on. Want nice things like adequate health care? They have to be paid for. Not by borrowing and running up more debt like the previous administration. Taxes are necessary, despite your retarded thinking.
And considering your no tax pledge was devised when you were 12, retarded is the appropriate term.

Special Needs. Subby is Special Needs.


And Grover Norquist is retarded. In every possible sense of that word.

/He is a retarded retardant retarding our progress with his retardation.
 
2012-09-29 06:05:51 PM  
I know that whenever I want intelligent, objective, factual content and analysis of a matter that involves taxation and governance, I always turn to something with a name like "Americans for Tax Reform".
This is because I am an idiot, and was, in fact, born yesterday.
 
2012-09-29 06:29:09 PM  

jso2897: I know that whenever I want intelligent, objective, factual content and analysis of a matter that involves taxation and governance, I always turn to something with a name like "Americans for Tax Reform".
This is because I am an idiot, and was, in fact, born yesterday.


I am a member of 'Christians for morality and tax reform' and I was born more yesterdayer than you were, Heathen.
 
2012-09-29 06:30:07 PM  

Lurking Fear: Taxes are necessary, despite your retarded thinking.
.


at least you are admitting that 0bama lied about not raising taxes on the middle class.

good to know.
 
2012-09-29 06:30:55 PM  
The table above also incorporates the scheduled hike in the capital gains rate from 15 to 20 percent, and the scheduled hike in dividends rate from 15 to 39.6 percent.

What is this referring to? Is this related to the 'fiscal cliff' or something else? I have not heard of this 'scheduled hike' in these tax rates.
 
2012-09-29 06:38:36 PM  
It should be noted that there is some overlap between the limit on FSAs and the increase in the threshold of tax deductible medical expenses at least in the sense that if you use an FSA, then the first $2500 of medical expenses are essentially 'tax deductible' by paying for them with pre-tax deductions into a savings account. So, it puts a bit of a lie on the 'special needs tax hike' argument he's making as the cost of that special needs care, presumably, is a valid medical expense (since you can use your FSA to pay for those expenses). Maybe you can't pay for that care out of an unlimited FSA account throughout the year, but the expenses that exceed 10% of your AGI you can still deduct on your return at the end of the year. If your AGI is, say $50k, that's $2500 of medical expenses that you have to pay 'after-tax', so yes, there is a tax increase, but it would be on the order of about $500 or so for someone in that income bracket. Yes, a tax increase. Pretty minor (~$42/month for that income level).
 
2012-09-29 06:41:12 PM  

tenpoundsofcheese: Lurking Fear: Taxes are necessary, despite your retarded thinking.
.

at least you are admitting that 0bama lied about not raising taxes on the middle class.

good to know.


Since I am middle class and none of these effect me, then what you wrote is also a lie. A lie of omission, but a lie nontheless. Are taxes going up for SOME? Of course. Those tax increases will effect many middle class Americans. They will NOT effect most middle class Americans.

It would be nice if you could be intellectually honest enough about an issue to admit this.
 
2012-09-29 06:44:48 PM  
theknuckler_33: It would be nice if you could be intellectually honest enough about an issue to admit this.

You're such a dreamer.
 
2012-09-29 06:45:04 PM  
I've been using FSA for years, abd it's always had a $3500 cap. What am I missing?
 
2012-09-29 06:53:09 PM  

ultraholland: theknuckler_33: It would be nice if you could be intellectually honest enough about an issue to admit this.

You're such a dreamer.


SomeWHERE... over the rainbow!!!!!
 
2012-09-29 06:53:26 PM  

jcooli09: I've been using FSA for years, abd it's always had a $3500 cap. What am I missing?


$2,500 max starting on 1/1/2013. This Forbes story says that the IRS and congress have been looking at changes to the use-it-or-lose-it rule, so there could be an upside to the lower ceiling.
 
2012-09-29 07:06:03 PM  
Why not mention the other big boys? The estate tax returns, and the income taxes going up to Clinton levels on $200K salary or higher. In addition, they're doing a massive cut on oil exploration deductions, which will affect everybody at the pump.

Not that I'm saying it's bad- I'm in favor of all this, in some cases strongly. But at least they could argue about the stuff that will really matter.
 
2012-09-29 07:12:19 PM  
Also, that medical device tax is going to affect my employer, but that doesn't mean ACA was a bad thing.

/did get emails asking me to contact Congress about it though.
 
2012-09-29 07:15:41 PM  

themindiswatching: Also, that medical device tax is going to affect my employer, but that doesn't mean ACA was a bad thing.

/did get emails asking me to contact Congress about it though.


Have they, or are they considering, cutting jobs? Is there talk of such action at your company?
 
2012-09-29 07:15:58 PM  

tenpoundsofcheese: at least you are admitting that 0bama lied about not raising taxes on the middle class.


Reality would disagree with you. In fact, taxes are down over Obama's term across the board, but especially down in the lower brackets:

Here's how effective tax rates of various income quintiles have changed in the past years (counting all federal taxes, source Tax Policy Center data here and here):

Bottom 20%: 4.0% (2007) -> 0.8% (2011)
Second 20%: 10.6% (2007) -> 5.9% (2011)
Third 20%: 14.3% (2007) -> 12.6% (2011)
Fourth 20%: 17.4% (2007) -> 16.7% (2011)
Top 20%: 25.1% (2007) -> 24.5% (2011)
 
2012-09-29 07:21:18 PM  
In fact, if you look at historical effective tax rates, the last president to truly raise middle class taxes was Reagan in 1984. Since then, taxes have either remained effectively flat or gone down.
 
2012-09-29 07:21:44 PM  

theknuckler_33: Have they, or are they considering, cutting jobs? Is there talk of such action at your company?


So far, no. But even if they did, I imagine the problems in Europe would matter more than a 2.3% tax on each product sold.
 
2012-09-29 07:30:34 PM  
You'll survive.
 
2012-09-29 07:35:52 PM  
A link from a far right super pac with a pop up ad with Ted Nugent. I'm dumber just for having clicked the link.
 
2012-09-29 07:41:17 PM  
This article has really motivated me to try to triple, if not quadruple, my current household income, so that some of these taxes can apply to me, too.
 
2012-09-29 07:42:57 PM  
Get a job, Mr. Norquist. Work is good for the soul.
 
2012-09-29 07:47:33 PM  
Those F35s ain't gonna pay for themselves.
 
2012-09-29 07:49:36 PM  

theknuckler_33: The table above also incorporates the scheduled hike in the capital gains rate from 15 to 20 percent, and the scheduled hike in dividends rate from 15 to 39.6 percent.

What is this referring to? Is this related to the 'fiscal cliff' or something else? I have not heard of this 'scheduled hike' in these tax rates.


I believe the cut from 20% to 15% was part of the Bush tax cuts, which (as renewed) expire at the end of the year, so it goes back up to 20%, plus the additional 3.8% from the PPACA.

/good
 
2012-09-29 07:51:24 PM  

Dancin_In_Anson: Supporters during the passage debate: This is going to save you money!

Supporters after (to borrow a phrase) finding out what's in it after it's passed: It's going to cost you but it's for your own good!


Wait till you see the tax increases that would be necessary to switch back!
 
2012-09-29 08:04:44 PM  
The Obamacare Medical Device Tax

Please show me a medical device manufacturer that doesn't make obscene profits in a given year. Seriously, I'd love to see it. I'd highly doubt those jobs would be small business. Every medical device I've ever seen has a corporation name of rather large proportions attached to it. Oh, and just breathing increases the cost of healthcare. Seriously, the only way my healthcare cost went down was switching jobs to a place that actually negotiated a lower price than my previous employer. I can guarantee that premium will always go up and NEVER go down. It's an impossibility.

The Obamacare "Special Needs Kids Tax"

So, citing a private education tuition is grounds for complaining about a cap on the FSA that was intended for medication and non-SE needs? I work for a school district whose public schools perform better than every charter and private school in the area for SE students, while also spending less per student due to Rick Scott's obscene budget cuts. Maybe try investigating the public schools in the area before assuming private/charter is better by default.

The Obamacare Surtax on Investment Income

GOOD! A tax on the wealthy to pay for the wars they insist on us starting. I didn't ask for Iraq or Afghanistan, and I sure as hell didn't want my tax money going to that instead of more important items such as public education, science, and NASA. It's time the top 5% start paying their share. They're welcome to enjoy my life of making ends meet just to handle the gas bill every month.

The Obamacare "Haircut" for Medical Itemized Deductions

I do my taxes for my parents. They exceed 7.5% without batting an eyelash due to the excessive cost of healthcare. 10% won't be a problem for them, and doubtful that it'd be a problem for the people mentioned in TFA.

The Obamacare Medicare Payroll Tax Hike

Again, a tax on the wealthy, and one I fully support. Welcome to the burden the rest of us have had to shoulder for so long. Go cry in your beluga caviar and mink coats while I enjoy a celebratory PB&J before I start on my 2nd job to pay off my student loans. Yeah, that's right, I had to take loans out to pay my way through school, since my parents were busy paying taxes that you rich snobs weren't.
 
2012-09-29 08:30:29 PM  
Bwhahaha... sorry, I read the one about the allowable deductions for medical expenses moving from 7.5 to 10 percent and the analysis that it would hurt the sickest Americans. As an uninsured person spending over thirty percent of my income on drugs last year for MS... I'll be just fine,and I support anything that helps me get health insurance... but thank you for your feigned concern.
 
2012-09-29 08:42:27 PM  
When is Grover Norquist going to get a real job?
 
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