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  1. 09 Sep '11 15:34
    Remember during his campaign when Obama promised he wouldn't raise taxes on the middle class?
    Comprehensive List of Obama Tax Hikes
    Americans for Tax Reform

    Which one of these tax hikes will destroy the most jobs?



    Since taking office, President Barack Obama has signed into law twenty-one new or higher taxes:

    1. A 156 percent increase in the federal excise tax on tobacco: On February 4, 2009, just sixteen days into his Administration, Obama signed into law a 156 percent increase in the federal excise tax on tobacco, a hike of 61 cents per pack. The median income of smokers is just over $36,000 per year.

    2. Obamacare Individual Mandate Excise Tax (takes effect in Jan 2014): Starting in 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/$1390
    2.5% AGI/$2085



    Exemptions for religious objectors, undocumented immigrants, prisoners, those earning less than the poverty line, members of Indian tribes, and hardship cases (determined by HHS). Bill: PPACA; Page: 317-337

    3. Obamacare Employer Mandate Tax (takes effect Jan. 2014): If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for all full-time employees. Applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer). Bill: PPACA; Page: 345-346

    Combined score of individual and employer mandate tax penalty: $65 billion/10 years

    4. Obamacare Surtax on Investment Income (Tax hike of $123 billion/takes effect Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93


    Capital Gains
    Dividends
    Other*

    2011-2012
    15%
    15%
    35%

    2013+ (current law)
    23.8%
    43.4%
    43.4%

    2013+ (Obama budget)
    23.8%
    23.8%
    43.4%



    *Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens.

    5. Obamacare Excise Tax on Comprehensive Health Insurance Plans (Tax hike of $32 bil/takes effect Jan. 2018): Starting in 2018, new 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). Higher threshold ($11,500 single/$29,450 family) for early retirees and high-risk professions. CPI +1 percentage point indexed. Bill: PPACA; Page: 1,941-1,956

    6. Obamacare Hike in Medicare Payroll Tax (Tax hike of $86.8 bil/takes effect Jan. 2013): Current law and changes:


    First $200,000
    ($250,000 Married)
    Employer/Employee
    All Remaining Wages
    Employer/Employee

    Current Law
    1.45%/1.45%
    2.9% self-employed
    1.45%/1.45%
    2.9% self-employed

    Obamacare Tax Hike
    1.45%/1.45%
    2.9% self-employed
    1.45%/2.35%
    3.8% self-employed



    Bill: PPACA, Reconciliation Act; Page: 2000-2003; 87-93

    7. Obamacare Medicine Cabinet Tax (Tax hike of $5 bil/took effect Jan. 2011): Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin). Bill: PPACA; Page: 1,957-1,959

    8. Obamacare HSA Withdrawal Tax Hike (Tax hike of $1.4 bil/took effect Jan. 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent. Bill: PPACA; Page: 1,959

    9. Obamacare Flexible Spending Account Cap – aka “Special Needs Kids Tax” (Tax hike of $13 bil/takes effect Jan. 2013): Imposes cap on FSAs of $2500 (now unlimited). Indexed to inflation after 2013. There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. Bill: PPACA; Page: 2,388-2,389

    10. Obamacare Tax on Medical Device Manufacturers (Tax hike of $20 bil/takes effect Jan. 2013): Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for <$100. Bill: PPACA; Page: 1,980-1,986

    11. Obamacare "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI (Tax hike of $15.2 bil/takes effect Jan. 2013): Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI. Waived for 65+ taxpayers in 2013-2016 only. Bill: PPACA; Page: 1,994-1,995

    12. Obamacare Tax on Indoor Tanning Services (Tax hike of $2.7 billion/took effect July 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399

    13. Obamacare elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D (Tax hike of $4.5 bil/takes effect Jan. 2013) Bill: PPACA; Page: 1,994

    14. Obamacare Blue Cross/Blue Shield Tax Hike (Tax hike of $0.4 bil/took effect Jan. 1 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services. Bill: PPACA; Page: 2,004

    15. Obamacare Excise Tax on Charitable Hospitals (Min$/took effect immediately): $50,000 per hospital if they fail to meet new "community health assessment needs," "financial assistance," and "billing and collection" rules set by HHS. Bill: PPACA; Page: 1,961-1,971

    16. Obamacare Tax on Innovator Drug Companies (Tax hike of $22.2 bil/took effect Jan. 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980

    17. Obamacare Tax on Health Insurers (Tax hike of $60.1 bil/takes effect Jan. 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2018. Fully-imposed on firms with $50 million in profits. Bill: PPACA; Page: 1,986-1,993

    18. Obamacare $500,000 Annual Executive Compensation Limit for Health Insurance Executives (Tax hike of $0.6 bil/takes effect Jan 2013). Bill: PPACA; Page: 1,995-2,000

    19. Obamacare Employer Reporting of Insurance on W-2 ($min/takes effect Jan. 2012): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957

    20. Obamacare “Black liquor” tax hike (Tax hike of $23.6 billion/took effect immediately). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105

    21. Obamacare Codification of the “economic substance doctrine” (Tax hike of $4.5 billion/took effect immediately). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113
  2. Standard member sh76
    Civis Americanus Sum
    09 Sep '11 16:50 / 1 edit
    Originally posted by Hugh Glass
    Remember during his campaign when Obama promised he wouldn't raise taxes on the middle class?
    Comprehensive List of Obama Tax Hikes
    Americans for Tax Reform

    Which one of these tax hikes will destroy the most jobs?



    Since taking office, President Barack Obama has signed into law twenty-one new or higher taxes:

    1. A 156 percent increase in e” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113
    Virtually all of that is the PPACA ("Obamacare" ) and the projected expiration of the Bush tax cuts in 2013.

    In other words, that's mainly just a criticism of Obamacare.
  3. 09 Sep '11 17:34
    Originally posted by sh76
    Virtually all of that is the PPACA ("Obamacare" ) and the projected expiration of the Bush tax cuts in 2013.

    In other words, that's mainly just a criticism of Obamacare.
    Are the facts listed true?
  4. Standard member sh76
    Civis Americanus Sum
    09 Sep '11 19:30
    Originally posted by Hugh Glass
    Are the facts listed true?
    In a roundabout misleading sort of way I suppose some of them might be.
  5. 10 Sep '11 00:50 / 3 edits
    Originally posted by sh76
    In a roundabout misleading sort of way I suppose some of them might be.
    that's kind of a half assed answer?

    http://www.sourcewatch.org/index.php?title=Americans_for_Tax_Reform

    12. Obamacare Tax on Indoor Tanning Services (Tax hike of $2.7 billion/took effect July 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399

    Number 12 is hurting owners of tanning salons here in oregon,, where people really need some fake sun for 6-7 months out of the year... nothing misleading there..

    11. Obamacare "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI (Tax hike of $15.2 bil/takes effect Jan. 2013): Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI. Waived for 65+ taxpayers in 2013-2016 only. Bill: PPACA; Page: 1,994-1,995

    This one will hit me in 2013...... not misleading to our family..
  6. 10 Sep '11 06:44
    Yeah, people really need to turn orange and get cancer.
  7. Subscriber FMF
    a.k.a. John W Booth
    10 Sep '11 07:24
    Originally posted by Hugh Glass
    Are the facts listed true?
    Well you copy pasted the "facts listed" in the OP, so why not just copy paste a rebuttal from a dissenting blog or web site and then people here can see what they think?
  8. 10 Sep '11 14:25
    Originally posted by Hugh Glass
    that's kind of a half assed answer?

    http://www.sourcewatch.org/index.php?title=Americans_for_Tax_Reform

    12. Obamacare Tax on Indoor Tanning Services (Tax hike of $2.7 billion/took effect July 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399

    Number 12 is hurting owners of tanning salons her ...[text shortened]... PACA; Page: 1,994-1,995

    This one will hit me in 2013...... not misleading to our family..
    My fed tax went down as I'm sure it did with nearly all USA working citizens. Do you forget the payroll tax cut?
  9. Standard member telerion
    True X X Xian
    10 Sep '11 18:45 / 1 edit
    Do we really think that Obama had it out for tanning salons in Oregon? This is almost surely just calling the legislated expiration of tax provisions a "tax hike." That's silly since the expiration requires no interference from Obama. These provisions have been purposeful placed into legislation by particular Congressmen to give their pet industry a break. They are usually passed as temporary measures (so that they don't count much toward 10-year budgets), but then are often "renewed" making them closer to permanent than temporary.


    You really need to quit reading political smut.
  10. 10 Sep '11 19:43 / 1 edit
    Originally posted by FMF
    Well you copy pasted the "facts listed" in the OP, so why not just copy paste a rebuttal from a dissenting blog or web site and then people here can see what they think?
    That was from Americans for tax cuts,, I doubt they put something on their web site that was not true... but if you have time go look....
    as for tanning booths, people in the pacific northwest are hit hard by SADs, and natural sun light helps them get through the long rainny winters...... so tanning booths are cheaper than buying a box type light. And better than anti-depressants
    As for my time, today I'll be hanging a few more American flags around the house, and dl'ing more versions of Amazing grace to play all day tomorrow.
    God Bless America,,,,,
    Just put my new window sticker in the truck camper, right next to the NRA decal....
    a picture of Osama, with the words..... F*&%ck Osama.
    hey that could easily be changed to have our presidents name there..... yes!
  11. 10 Sep '11 20:03
    Originally posted by Hugh Glass
    That was from Americans for tax cuts,, I doubt they put something on their web site that was not true... but if you have time go look....
    as for tanning booths, people in the pacific northwest are hit hard by SADs, and natural sun light helps them get through the long rainny winters...... so tanning booths are cheaper than buying a box type light. And be ...[text shortened]... .. F*&%ck Osama.
    hey that could easily be changed to have our presidents name there..... yes!
    Yes, why would someone who had deep involvement with Bush crony and convicted felon, Jack Abramoff have false or misleading information on their website.

    http://www.washingtonpost.com/wp-dyn/content/article/2006/06/24/AR2006062401080.html

    http://www.nytimes.com/2006/03/10/politics/10abramoff.html

    It's run by a guy named Grover Norquist, who's a huge GOP player. They are NOT a non-partisan, impartial fact checking site by any stretch of the imagination.
  12. 10 Sep '11 22:58 / 1 edit
    ah what a relief, it's all wrong then whew.... my friend was just pulling my leg on her tanning salon... I'll have to call her on that one....
    Now that USAP is here, maybe he can tell us why Immelt is sending jobs to China, and still sitting in the white house box?
    chuckle, one term my friend, one term....
    the bar is so low now, anyone can smack O down.....
    here's an idea for your next avatar, your arm patch? an never mind, anyone can get one of those..
  13. Subscriber FMF
    a.k.a. John W Booth
    11 Sep '11 01:07
    Originally posted by Hugh Glass
    That was from Americans for tax cuts,, I doubt they put something on their web site that was not true... but if you have time go look....
    Well if you are genuinely interested in this issue then you will have come across detailed rebuttals online of the material you copy pasted, so why not just copy paste one of those rebuttals here so that we can decide what we think about the material you have presented?
  14. 11 Sep '11 01:30 / 1 edit
    Originally posted by Hugh Glass
    ah what a relief, it's all wrong then whew.... my friend was just pulling my leg on her tanning salon... I'll have to call her on that one....
    Now that USAP is here, maybe he can tell us why Immelt is sending jobs to China, and still sitting in the white house box?
    chuckle, one term my friend, one term....
    the bar is so low now, anyone can smack O down.....
    "here's an idea for your next avatar, your arm patch? an never mind, anyone can get one of those.."

    Oh, well whatever do you mean? Why the cowardly innuendo? Just come out and say what you have to say.
  15. 11 Sep '11 04:49
    Originally posted by Hugh Glass
    Remember during his campaign when Obama promised he wouldn't raise taxes on the middle class?
    Comprehensive List of Obama Tax Hikes
    Americans for Tax Reform

    Which one of these tax hikes will destroy the most jobs?



    Since taking office, President Barack Obama has signed into law twenty-one new or higher taxes:

    1. A 156 percent increase in ...[text shortened]... e” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113
    Probably the biggest job killing tax increase will be the payroll tax increase which the Republicans are pushing.