Remember when Barack Obama swore up and down that the ObamaCare individual mandate was not a tax? Using sleazy-lawyer-speak, Obama called the ObamaCare tax, ahem, a penalty.
Along came the Supreme Court and declared the individual mandate a tax. Surprise. That infamous decision allowed ObamaCare to become the law of the land.
Obama lied. Again.
Anyone sense a pattern in Barack’s behavior?
Analysts estimate ObamaCare will cost the average taxpayer nearly $6,000 in extra taxes.
Welcome to January 1, 2014, to the New Year, and a tsunami of ObamaCare taxes brought to you exclusively by Barack Obama and the Democrat party.
In a piece entitled “Here Comes the ObamaCare Tax Avalanche,” columnist John Hayward details some of the new taxes that are now in effect.
- A 2 percent tax on every healthcare plan, and $2.00 fee per policy to support the Patient Centered Outcomes Research Institute, a new medical-research trust fund. This fund will, no doubt, make outreach to the Muslim world their number one priority.
- The new taxes and fees include a 2 percent tax on every health plan, which is expected to net about $8 billion for the government in 2014 and increase to $14.3 billion in 2018. We look forward to the government spending our hard earned money on more, ahem, green jobs. And propping up countless boondoggles like Tesla Motors.
- Individual Americans who earn $200,000 and families with an income of $250,000 or above will be subjected to a 0.9 percent Medicare surtax in addition to the existing 1.45 percent Medicare payroll tax, along with a 3.8 percent tax on all unearned income, such as capital gains or other investment income. Yes, because Medicare is such a roaring success. I don’t know any physicians who take Medicare patients.
- Insurers pay a 3.5 percent user fee to sell medical plans on the HealthCare.gov Web site. Fab-u-lous. Paying taxes on a website that does not work.
- Hidden taxes include raising the threshold of income tax deductions for those with high out-of-pocket medical expenses from 7.5 percent to 10 percent. Hidden, until you start paying the bills.
At its core, ObamaCare is three things: a massive expansion of Medicaid; a set of complex mandates to control both insurance providers and customers; and the largest tax increase in a generation, much of it levied against the middle class. Because it is politically vital to hide tax increases from the Sainted Middle Class, much of this burden is hidden as pass-through taxation – you think your premiums are increasing, but it’s really an income redistribution scheme with the tax burden laid on insurance providers, who pass it along to you. This has the enormous political benefit of diverting public anger over increased premiums against the insurance providers, rather than the government, which is something the former should have considered more carefully before hopping into bed with the latter, visions of mandatory commerce dancing in their heads.
Read the full story here.