Nancy Pelosi was right...they had to pass ObamaCare to see what's in it. It ain't pretty.
I have been noticing headlines detailing what ObamaCare will bring to us as time goes on. I've posted a few of the headlines that include increased taxes on Americans. One of the most interesting things I found is that ObamaCare is going to probably increase your pet's health care bills, too.
I've linked to several articles with a short blurb from each. I'm sure there has been more written, but these will give you a feel for what coming. Even the Democrats are now trying to delay some of the tax increases they voted for:
Democrats Seek Delay in One ObamaCare Tax Increase
The Obamacare tax increases which begin on New Year’s Day are:Obamacare Pre-Existing Condition Fee To Cost Companies $63 Per Person
But some Senate Democrats are trying to delay at least for one year the tax on medical device manufacturers, which will raise nearly $2 billion in new revenue in 2013 and $20 billion over the next seven years.
Your medical plan is facing an unexpected expense, so you probably are, too. It's a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama's health care overhaul.
According to a rule published Friday by the Internal Revenue Service, some medical devices used in veterinary practices will be hit by Obamacare’s 2.3 percent device tax. Many of their manufacturers are expected to hike prices, meaning higher veterinary costs for the nation’s pet ownersGet ready to fill out Obamacare’s individual mandate tax form
Starting in 2014, most Americans will have to purchase “qualifying” health insurance. This insurance plan can be an employer-provided plan, a plan from the individual market, or a government plan like Medicare, , and veterans’ care. What all these plans will have in common is that they must be approved as qualified by the Department of Health and Human Services (HHS), which will get to mandate what each plan must cover and how.
Failure to obtain qualifying coverage could result in payment of a tax penalty to the IRS. Depending on family size, the tax penalty will range from $695 to $2,085 (plus inflation). For many families, a higher penalty of 2.5 percent of adjusted gross income (AGI) will apply.
The cost of health insurance today is more than 50% higher than Obama promised it would be--and the costs are expected to continue to rise as Obamacare is implemented.Full List of Obamacare Tax Hikes: Listed by Size of Tax Hike
Obamacare contains 20 new or higher taxes on American families and small businesses. Arranged by their respective sizes according to CBO scores, below is the total list of all $500 billion-plus in tax hikes (over the next ten years) in Obamacare, their effective dates, and where to find them in the bill.Top Five Worst Obamacare Taxes Coming in 2013
Of the twenty new or higher taxes in Obamacare, below are the five worst that will be foisted upon Americans for the first time on January 1, 2013.5 New Obamacare Taxes Coming in 2013
- The Obamacare Medical Device Tax – a $20 billion tax increase
- The Obamacare “Special Needs Kids Tax” – a $13 billion tax increase
- The Obamacare Surtax on Investment Income – a $123 billion tax increase: This is a new, 3.8 percentage point surtax on investment income
- The Obamacare “Haircut” for Medical Itemized Deductions – a $15.2 billion tax increase
- The Obamacare Medicare Payroll Tax Hike -- an $86.8 billion tax increase
The “fiscal cliff” debate is theater. No one can be sure of what is going to happen come Jan. 1. President Obama’s 2010 health reform law, however, is certain to change the tax code in 2013. Starting next year, five new tax increases will begin to raise $258.2 billion in new revenue over seven years.