Remember when the Amateur in the White House spouted those words? The exact quote was, "If you are a family making less than $250,000, my plan will not raise your taxes. Period." So let's look:
- The ObamaCare Medical Device Manufacturing Tax
This 2.3 percent tax on medical device makers will raise the price of (for example) every pacemaker, prosthetic limb, stent, and operating table. Can you remind us, Mr. President, how taxing medical devices will reduce the cost of health care?
- The ObamaCare High Medical Bills Tax
This onerous tax provision will hit Americans facing the highest out-of-pocket medical bills. Currently, Americans are allowed to deduct medical expenses on their 1040 form to the extent the costs exceed 7.5 percent of one's adjusted gross income.
The new ObamaCare provision will raise that threshold to 10 percent, subjecting patients to a higher tax bill.
- The ObamaCare Flexible Spending Account Cap
The 24 million Americans who have Flexible Spending Accounts will face a new federally imposed $2,500 annual cap.
The cap will also affect families with special-needs children, whose tuition can be covered using FSA funds. Special-needs tuition can cost up to $14,000 per child per year.
- The ObamaCare Surtax on Investment Income
Under current law, the capital gains tax rate for all Americans rises from 15 to 20 percent in 2013, while the top dividend rate rises from 15 to 39.6 percent. The new ObamaCare surtax takes the top capital gains rate to 23.8 percent and top dividend rate to 43.4 percent. Of course we wouldn't want people to have any incentive to invest and maybe start moving towards being part of the 1%, we just want to vilify the 1%.
- The ObamaCare Medicare Payroll Tax increase
This tax soaks employers to the tune of $86 billion over the next ten years. Do you have medical insurance? We're going to tax you more. Do you not have insurance? We're going to tax you more. And, to top it all off, I actually heard Odumbo's guy (Axelrod) say this morning that the Individual Mandate Tax was really just a penalty against that 1% that can afford health insurance but don't buy it. Wait, wait, wait...... So we vilify the 1% because they have money and can afford things that the 99% don't but then we vilify the 1% because they have money but don't want to spend it. How deformed are libtârd brains that they can actually come up with this stuff and expect rational thinking people to believe it????