Re: Ring in the New Year with your New Healthcare Taxes - Liberals? - Enjoy !

lARRY:

SOMETHING WRONG WITH TRUTH AND FACTS?

On Dec 28, 10:11 am, Larry Talbot <larry.tal...@hotmail.com> wrote:
> Breitfart? really? that fraud commiting corpse?Lew. You're better than that.Well, maybe not.
>  > Date: Fri, 28 Dec 2012 03:48:24 -0800
>
>
>
> > Subject: Ring in the New Year with your New Healthcare Taxes - Liberals? - Enjoy !
> > From: lewc...@aol.com
> > To: opendebateforum@googlegroups.com
>
> > Ring in the New Year with your New Healthcare Taxes - Liberals? -
> > Enjoy !
>
> > biggovernment.com
> > by Breitbart News28 Dec 2012, 2:26 AM PDT
>
> > Most of the new healthcare taxes will fall on high income earners, but
> > the middle class and medical device industry will also take a hit.
>
> > Directly impacting taxpayers is the Medicare tax hike on high income
> > wage earners, higher taxes on investment income, lower contributions
> > to flexible spending accounts and a higher threshold for deducting
> > medical expenses from income tax.
>
> > The Affordable Health Care Act is funded through the Medicare taxes of
> > high income earners. These taxes hit individuals earning over
> > $200,000, and joint filers earning more than $250,000. Medicare taxes
> > will go up by .9% for these folks and they will be hit with an
> > additional 3.8% on unearned income.
>
> > Also hit will be folks who earn a greater share of their income from
> > investments. Even if their regular income isn't high enough for the
> > additional taxes, their investment income would be hit with an
> > additional 4% tax. The consequence will most likely be less
> > investment.
>
> > The cost of the Affordable Healthcare Act will not just hit the
> > "rich." Two new taxes will affect the middle-class. Taxpayers used to
> > be able to deduct health care expenses that total more than 7.5% of
> > their income. Starting in 2013, that threshold will rise to 10%. This
> > deduction is most often utilized by lower income earners with high
> > medical bills.
>
> > According to Lindsey Buchholz of the H&R Block Tax Institute, about 10
> > million taxpayers deduct around $80 billion in health care expenses a
> > year.
>
> > The second of the two middle class taxes is a limit on flexible
> > spending accounts. Previously there was no limit to what an individual
> > could contribute in pre-tax dollars, but now contributions will be
> > limited to $2500. These two provisions are expected to raise $40
> > billion of the next 2 years.
>
> > The medical device tax, and addition 2.9% tax on medical devices, is
> > expected to raise $29 Billion over the next ten years. Unlike other
> > taxes that can be passed on to the consumer, Medicare is the largest
> > purchaser of medical devices; Medicare doesn't function in a free
> > market where companies are able to pass the costs on to consumers. The
> > industry will have no choice but to absorb the costs by cutting the
> > work force or reducing their output.
>
> > Happy New Year!
>
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