Welcome to Laura's Home on the Web
Facebook Twitter
Laura Unleashed
December 9, 2012
Here come the Obamacare taxes!
Posted by Laura
If you haven't gotten sick already this flu and cold season, you may start feeling queasy when you realize how Washington's tentacles are squeezing the American taxpayer at every turn. As more people go on the federal dole with food stamps, Section 8 housing, Medicaid, and with Obamacare expanding healthcare coverage to millions of uninsured, someone's got to pay for it. Fox News reminds us of the three big Obamacare taxes that will begin in a few weeks:

"Starting Jan. 1, investment income for individuals earning over $200,000 and households earning over $250,000 will be subject to a new 3.8 percent tax. Further, regular income above those thresholds will be hit with a .9 percent Medicare surtax. Should the Bush tax rates expire for those workers, those increases will be compounded.

But the rather obscure medical device tax is the one that has stirred the most controversy in Washington and the business community. This week, groups and lawmakers renewed their calls to repeal it as the IRS published its final rules.

This week, the Internal Revenue Service outlined which medical supplies and technologies will be subject to a tax. Now, everything from latex gloves to pacemakers will become more expensive and in some cases, more scarce,” Rep. Tom Price, R-Ga., said in a statement. “The tax on medical devices harms America’s ability to conduct the necessary research and development to maintain our global competitiveness, resulting in the loss of tens of thousands of jobs and fewer groundbreaking innovations in this field. With millions of Americans unemployed, this simply makes no sense.”

Happy New Tax-Me-to-Death Year!
12/9/12 4:58 AM
Del.icio.us Facebook Fark Furl
Google Newsvine Reddit Yahoo
<< Back to Laura Unleashed
Laura 365 Conservative Book Club
Home | Charity | Store | About Laura | Action Alerts! | Video Extra | Laura 365 | Contact Us | Help | Site Directory
Copyright 2002-2015 LauraIngraham.com. All rights reserved.
Terms & Conditions | Privacy Policy | Acknowledgments
This site is Created and Managed by Nox Solutions LLC.