Obamacare Taxes

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.