Forget the fiscal cliff: $1 Trillion Obamacare Tax Hike Hitting on Jan. 1
Obamacare contains twenty new or higher taxes. Five of the taxes hit for the first time on January 1. In total, for the years 2013-2022, Americans face a net $1 trillion tax hike for the years 2013-2022, according to the Congressional Budget Office.
The taxes are:
- The Obamacare Medical Device Tax
- The Obamacare Flex Account Tax
- The Obamacare Surtax on Investment Income: This is a new, 3.8 percentage point surtax on investment income
- The Obamacare “Haircut” for Medical Itemized Deductions
- The Obamacare Medicare Payroll Tax Hike
No cost is too high to get on the road of government controlled healthcare.
