$1 Trillion Obamacare Tax Comes in January12/31/12
Americans for Tax Reform reported:
On January 1, regardless of the outcome of fiscal cliff negotiations, Americans will be hit with a $1 trillion Obamacare tax hike.
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 five major Obamacare taxes taking effect on January are as follows…
- Medical device tax
- Flex account tax
- Investment income surtax
- Limiting medical itemized deuctions
- Medicare payroll tax hike
Largest tax increase in the history of our nation. 1 out of 7 are now on food stamps and our homes are worth 39% less than they were 4 years ago. More people going in to poverty each and & every day and this president wants to raise taxes. Welcome to Obamaville, the newest 3rd world country.