Author Topic: Is Obamacare the largest tax increase in American history?  (Read 3742 times)

Dos Equis

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Is Obamacare the largest tax increase in American history?
« on: June 28, 2012, 12:39:10 PM »
Sounds like it.

OzmO

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Re: Is Obamacare the largest tax increase in American history?
« Reply #1 on: June 28, 2012, 01:05:58 PM »
Sounds like it.

And how is it helping ease the cost of health care?

Which was the problem in the first place!

Dos Equis

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Re: Is Obamacare the largest tax increase in American history?
« Reply #2 on: June 28, 2012, 01:12:13 PM »
And how is it helping ease the cost of health care?

Which was the problem in the first place!

It's not. 

There are good parts of the bill, but overall it's a disaster.  And an enormous tax increase.   

Soul Crusher

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Re: Is Obamacare the largest tax increase in American history?
« Reply #3 on: June 28, 2012, 01:14:18 PM »
And how is it helping ease the cost of health care?

Which was the problem in the first place!


Its not - the costs are going to explode even worse.   

James

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Re: Is Obamacare the largest tax increase in American history?
« Reply #4 on: June 28, 2012, 01:59:00 PM »
Get ready to turn over your Bank Account information.

Section 163 of the America’s Affordable Health Choices Act of 2009 would allow the government real-time access to a person's bank records - including direct access to bank accounts for electronic fund transfers

http://libertyandpride.com/obamacare-gives-the-government-access-to-your-bank-account/

Soul Crusher

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Re: Is Obamacare the largest tax increase in American history?
« Reply #5 on: June 28, 2012, 02:00:37 PM »
The ObamaCare Tax .

By STEPHEN MOORE



Talk about bitter irony. The details of the Supreme Court's decision upholding the ObamaCare law are still being interpreted, but what is certain is that what saved the law was the "ObamaCare tax." The Court ruled that the individual mandate to purchase health care or face a fine is a tax, not a requirement.

In other words, the Court said that Congress can impose a "tax" on people if they don't buy health insurance.


AFP/Getty Images
U.S. Supreme Court Chief Justice John Roberts
.
When Congress was debating for months and months, the Obama team argued that the individual mandate "is not a tax." This was to spare the White House the embarrassment of admitting that President Obama was violating right out of the box his sacred promise not to tax anyone earning less than $200,000. According to Congressional figures 70% to 75% of the "tax" falls on those who earn less than $200,000 per year, and that is 8 million non-rich people. So Mr. Obama argued this was a mandate and a fine to enforce the requirement to buy health care.

But then in front of the Supreme Court and lower courts, the Obama legal team shifted strategies and argued it was a tax after all. The Supreme Court has traditionally and regrettably granted unlimited taxing authority to the Congress and they did so again on Tuesday.

The decision is an absurd and extraordinarily dangerous interpretation of the taxing power. If Congress wants to mandate people to eat right, exercise, say their prayers at night, would it be constitutional if Congress taxes people for not complying?

So the White House won by conceding that their mandate is a tax on anyone whether you make $200,000 or $20,000. Mr. Obama's team is surely uncorking the champagne bottles, but taxpayers may not be so happy.

http://online.wsj.com/article/SB10001424052702303561504577494472052048242.html


Dos Equis

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Re: Is Obamacare the largest tax increase in American history?
« Reply #6 on: June 28, 2012, 02:03:22 PM »

When Congress was debating for months and months, the Obama team argued that the individual mandate "is not a tax." This was to spare the White House the embarrassment of admitting that President Obama was violating right out of the box his sacred promise not to tax anyone earning less than $200,000. According to Congressional figures 70% to 75% of the "tax" falls on those who earn less than $200,000 per year, and that is 8 million non-rich people. So Mr. Obama argued this was a mandate and a fine to enforce the requirement to buy health care.


This could be one of those Bush Sr. "read my lips" issues. 

Soul Crusher

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Re: Is Obamacare the largest tax increase in American history?
« Reply #7 on: June 28, 2012, 02:07:17 PM »
This could be one of those Bush Sr. "read my lips" issues. 

My level of hatred for this lying ghetto thug and those who support him just shot up 5 fold. 


Straw Man

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Re: Is Obamacare the largest tax increase in American history?
« Reply #8 on: June 28, 2012, 02:11:22 PM »
This could be one of those Bush Sr. "read my lips" issues. 

doubtful

the average person won't see this as a tax

and it certainly won't be a tax that most average will ever see either

Also keep in mind that many of the provisions of the legislation that are alreayd in place are very popular and peopel WILL remember that


Soul Crusher

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Re: Is Obamacare the largest tax increase in American history?
« Reply #10 on: June 28, 2012, 02:12:59 PM »
doubtful

the average person won't see this as a tax

and it certainly won't be a tax that most average will ever see either

Also keep in mind that many of the provisions of the legislation that are alreayd in place are very popular and peopel WILL remember that


Yeah - that medical device tax is really going to drive down costs alright! 

Straw Man

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Re: Is Obamacare the largest tax increase in American history?
« Reply #11 on: June 28, 2012, 02:14:07 PM »
My level of hatred for this lying ghetto thug and those who support him just shot up 5 fold. 

LOL

settle down man

you're gonna have a stroke

Soul Crusher

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Re: Is Obamacare the largest tax increase in American history?
« Reply #12 on: June 28, 2012, 02:15:22 PM »
LOL

settle down man

you're gonna have a stroke

No im not - i signed up to volunteer for romney and so did a few others I know.   


Dos Equis

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Re: Is Obamacare the largest tax increase in American history?
« Reply #13 on: June 28, 2012, 02:19:50 PM »
No im not - i signed up to volunteer for romney and so did a few others I know.   



Yep.  This will get a lot of people motivated.  Here is part of an e-mail I received after the ruling:

So, we find out today from the U.S. Supreme Court that Obamacare is in fact a TAX!  At $1.7 TRILLION, it is in fact the largest in our nation’s history.  Remember being told by the proponents of the bill that it was NOT A TAX?  I sure do.

One thing the ruling on Obamacare implies is that each individual is responsible to VOTE because elections have consequences.  If you did not vote in 2008, or if you voted for Obama, you are responsible for the current state of things.  I cannot urge you with any more force to own that responsibility.

The first thing you can do in that regard is decide right now to become an informed voter and make sure you vote this year.  The second thing you can do is make sure your friends, family and co-workers do the same. 

Let me help you accomplish those two tasks by extending to you an opportunity to take action next week.  Please join the TEA Party Patriots entry in the Kailua 4th of July parade on Wednesday!  Remember that TEA stands for Taxed Enough Already.  If you will join in and bring a couple of friends, the ranks of that entry in the parade will swell beyond what Hawaii has seen before.  We must send that message.
 

Soul Crusher

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Re: Is Obamacare the largest tax increase in American history?
« Reply #14 on: June 28, 2012, 02:30:29 PM »
17 Tax Increases in Senate Health Care Bill = $370.2 Billion

The Joint Committee on Taxation has published a list of the 17 tax increases in the Senate health care bill, which are estimated to raise $370.2 billion in revenues over ten years:

40% excise tax on health coverage in excess of $8,500/$23,000 ($149.1 billion)

Employer W-2 reporting of value of health (negligible revenue effect)

Conform definition of medical expenses ($5.0 billion)

Increase penalty for nonqualified health savings account distributions to 20% ($1.3 billion)

Limit health flexible spending arrangements in cafeteria plans to $2,500 ($14.6 billion)

Require information reporting on payments to corporations ($17.1 billion)

Additional requirements for section 501(c)(3) hospitals (negligible revenue effects)

Impose annual fee on manufacturers & importers of branded drugs ($22.2 billion)

Impose annual fee on manufacturers & importers of medical devices ($19.3 billion)

Impose annual fee on health insurance providers ($60.4 billion)

Study and report of effect on veterans health care (no revenue effect)

Eliminate deduction for expenses allocable to Medicare Part D subsidy ($5.4 billion)

Raise 7.5% AGI floor on medical expenses deduction to 10% ($15.2 billion)

$500,000 deduction limitation on taxable year remuneration to health insurance officials ($0.6 billion)

Additional 0.5% hospital insurance tax on wages > $200,000 ($250,000 joint) ($53.8 billion)

Modification of section 833 treatment of certain health organizations ($0.4 billion)

Impose 5% excise tax on cosmetic surgery ($5.8 billion)

James

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Re: Is Obamacare the largest tax increase in American history?
« Reply #15 on: June 28, 2012, 02:31:18 PM »

Straw Man

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Re: Is Obamacare the largest tax increase in American history?
« Reply #16 on: June 28, 2012, 02:39:14 PM »

Soul Crusher

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Re: Is Obamacare the largest tax increase in American history?
« Reply #17 on: June 28, 2012, 03:01:48 PM »
Glen Beck is mad ?

that so sad





Straw - giving the government these powers will be used in ways you will find disgusting in the coming years. 

Straw Man

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Re: Is Obamacare the largest tax increase in American history?
« Reply #18 on: June 28, 2012, 03:06:16 PM »


Straw - giving the government these powers will be used in ways you will find disgusting in the coming years. 

You mean like the Patriot Act or warrantless wire taps or detaining people indefinitely without ever charging them with a crime ?

Too late

Soul Crusher

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Re: Is Obamacare the largest tax increase in American history?
« Reply #19 on: June 28, 2012, 03:08:24 PM »
You mean like the Patriot Act or warrantless wire taps or detaining people indefinitely without ever charging them with a crime ?

Too late

I dont remember you saying a word about the NDAA.   Thanks 

Straw Man

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Re: Is Obamacare the largest tax increase in American history?
« Reply #20 on: June 28, 2012, 03:14:22 PM »
I dont remember you saying a word about the NDAA.   Thanks  

that's because your memory sucks just like everything else

tonymctones

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Re: Is Obamacare the largest tax increase in American history?
« Reply #21 on: June 28, 2012, 08:06:18 PM »
yup, i think this will hurt obamas stance that we need to raise taxes.

he already signed the projected largest tax increase in US history, but yet we need more tax hikes?


Soul Crusher

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Re: Is Obamacare the largest tax increase in American history?
« Reply #22 on: June 28, 2012, 08:06:58 PM »
that's because your memory sucks just like everything else

Please bump your post objecting to NDAA.

garebear

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Re: Is Obamacare the largest tax increase in American history?
« Reply #23 on: June 29, 2012, 04:07:06 AM »
Please bump your post objecting to NDAA.
Hey, that reminds me. When are the doctors going to start rioting in the streets?

G

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