Wednesday, January 1, 2014
More obamacare taxes in 2014
Obamacare charges taking effect.
Sticker shock! 2014 Obamacare taxes
A flat 2 percent tax on all health insurers.
A yearly “reinsurance fee” of $63 per person insured.
A $2 fee per policy that funds a new federal bureaucracy called the Patient Centered Outcomes Research Institute.
Insurers also must pay a 3.5 percent user free to sell health plans on the HealthCare.gov website.
Although these taxes are imposed on insurance companies, policyholders end up paying for them in the form of higher premiums.
There are also hidden taxes.
All told, there are more than 20 new or higher taxes and fees embedded in the Affordable Care Act – more than half of which affect families earning less than $250,000 a year.
The new taxes, which cost more than $675 billion over the next decade, include:
A 2.3 percent excise tax on U.S. sales of medical devices that’s already devastating the medical supply industry and its work force.
The levy, which took effect Jan. 1, 2013, is a $20 billion blow to an industry that employs more than 360,000 working in plants across the U.S.
A $50,000 excise tax on charitable hospitals that fail to meet new “community health assessment needs,” “financial assistance” and other rules set by the Health and Human Services Department (took effect in 2010).
A 3.8 percent surtax on investment income from capital gains and dividends that applies to single filers earning more than $200,000 and married couples filing jointly earning more than $250,000 (took effect Jan. 1, 2013).
A $24 billion tax on the paper industry to control a pollutant known as black liquor (took effect in 2010).
A $2.3 billion-a-year tax on innovator drug companies (took effect in 2010).
A 10 percent excise tax on Americans using indoor tanning salons (took effect July 1, 2010).
An $87 billion hike in Medicare payroll taxes for employees, as well as the self-employed (took effect Jan. 1, 2013).
A hike in the threshold for writing off medical expenses to 10 percent of adjusted gross income from 7.5 percent (took effect Jan. 1, 2013.).
A new cap on flexible spending accounts of $2,500 a year (took effect Jan. 1, 2013).
Elimination of the tax deduction for employer-provided prescription drug coverage for Medicare recipients (took effect Jan. 1, 2013).
An income surtax of 1 percent of adjusted gross income, rising to 2.5 percent by 2016, on individuals who refuse to go along with Obamacare by buying a policy not approved by the government (took effect Jan. 1, 2013).
A $2,000 tax charged to employers with 50 or more workers for every full-time worker not offered health coverage (delayed).
A $60 billion tax on health insurers (effective Jan. 1, 2014).
A 40 percent excise tax on so-called Cadillac, or higher cost, health insurance plans (goes into effect Jan. 1, 2018).
(The "UNaffordabel" care act is a "sick" government way of taxing and controlling Americans. It continues to be the culture of corruption center piece for the fraud obama. Happy New Year.) Story Reports