Obamacare Packs Crushing New Taxes

Posted by highlysuspect on January 14, 2011 in politics | ∞

Next week, the U.S. House of Representatives will be voting on a historic repeal of the Obamacare law.

While there are many reasons to oppose this flawed government health insurance law, it is important to remember that Obamacare is also one of the largest tax increases in American history.

Below is a comprehensive list of the two dozen new or higher taxes that pay for Obamcare’s expansion of government spending and interference between doctors and patients.

Individual Mandate Excise Tax (January 2014): anyone not buying “qualifying” health insurance must pay an income surtax according to the higher of the following.

1 Adult 2 Adults 3+ Adults

2014 1% AGI/$95 1% AGI/$190 1% AGI/$285

2015 2% AGI/$325 2% AGI/$650 2% AGI/$975

2016+ 2.5% AGI/$695 2.5% AGI/$1,390 2.5% AGI/$2,085

via Obamacare Packs Crushing New Taxes.

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