Tag Archives: Obamacare taxes

President Lucifer Appoints Church Lady to Enforce ObamaCare!

Also read: FALSE FLAG ALERT!!!

obamasatan

Who appointed the Church Lady over the IRS ObamaCare Enforcement division? Hmmmmmmmmmmmm…

Could it be SATAN?!!!

ABC:
IRS Official in Charge During Tea Party Targeting Now Runs Health Care Office

WASHINGTON EXAMINER:
UPDATED: IRS tax exemption/Obamacare exec got $103,390 in bonuses

BREITBART:
IRS Official in Charge During Political Persecution of Conservatives Now Running ObamaCare Office

FOXNEWS:
Outgoing IRS Commissioner Faces Hearing Amid ‘Stunning’ Revelation

Another Obamacare surprise: You’ll pay $63 more for healthcare insurance

Election has consequences.

Do you remember, mere days before the House’s dramatic late-night passage of Obamacare, then-House Speaker Nancy Pelosi (D-CA) saying that “We have to pass the bill so that you can find out what is in it”?

Surprise!

Here’s another new Obamacare cost increase!

32 months after Congress passed Obamacare, regulation after regulation is coming out of the Obama regime’s Department of Health and Human Services (HHS). The latest is a requirement that every private health plan in America be subject to a $63 fee, which will go toward a fund to subsidize people with pre-existing conditions. The $63-per-head fee is expected to affect 190 million health care plans held by individuals or provided by employers.

Now we find out that when Obama said his Obamacare will not deny coverage to people with pre-existing health conditions, no matter how dire, he meant all of us with health insurance will pay for the added costs. It’s called “Spreading the Wealth,” which is otherwise called Socialism. And we all know how well socialism turned out to be. [snark]

Ricardo Alonso-Zaldivar reports for the Associated Press, Dec. 10, 2012, that the new $63-per-head fee is buried in a recent HHS regulation, which employers likely will pass on to workers.

Chantel Sheaks, an employee benefits lawyer and a principal at Xerox subsidiary Buck Consultants, calls it a “sleeper issue” with significant financial consequences, particularly for large employers: “Especially at a time when we are facing economic uncertainty, [companies will] be hit with a multimillion-dollar assessment without getting anything back for it.”

Most of the money will go into a fund administered by the Health and Human Services Department. It will be used to cushion health insurance companies from the initial hard-to-predict costs of covering uninsured people with medical problems. Under the law, insurers will be forbidden from turning away the sick as of Jan. 1, 2014.

The program “is intended to help millions of Americans purchase affordable health insurance, reduce unreimbursed usage of hospital and other medical facilities by the uninsured and thereby lower medical expenses and premiums for all,” the Obama administration says in the regulation. An accompanying media fact sheet issued Nov. 30 referred to “contributions” without detailing the total cost and scope of the program.

Of the total pot, $5 billion will go directly to the U.S. Treasury, apparently to offset the cost of shoring up employer-sponsored coverage for early retirees.

The $25 billion fee is part of a bigger package of taxes and fees to finance Obama’s expansion of coverage to the uninsured. It all comes to about $700 billion over 10 years, and includes higher Medicare taxes effective this Jan. 1 on individuals making more than $200,000 per year or couples making more than $250,000. People above those threshold amounts also face an additional 3.8 percent tax on their investment income.

But the $63 insurance fee ($5.25 per month) had been overlooked as employers focused on other costs in the law, including fines for medium and large firms that don’t provide coverage. “This kind of came out of the blue and was a surprisingly large amount,” said Gretchen Young, senior vice president for health policy at the ERISA Industry Committee, a group that represents large employers on benefits issues.

But employers already offering coverage to their workers don’t see why they have to pay into the stabilization fund, which mainly helps the individual insurance market. The redistribution puts the biggest companies on the hook for tens of millions of dollars.

Read the rest of the AP article here.

The Obama regime says the new $63 fee is just a temporary assessment levied for three years starting in 2014, designed to raise $25 billion. The Obama regime also says the new fee starts at $63 and then declines.

If you believe that, then you must also believe in the Easter bunny.

For a list of Obamacare taxes coming your way, click here.

~Eowyn

Unsustainable! 51% of Americans pay no federal income taxes!

I just discovered it’s even worse than I had thought.

I had thought that the percentage of Americans who still pay the federal income tax is 51%.

WRONG! That number is from 2009.

Here’s an updated number:

49%, less than half, of all Americans pay federal income taxes!

Even that number is dated because it’s from May 2011, more than a year ago, which means the real number is even worse today.

According to Derek Thompson, writing for The Atlantic on May 4, 2011:

“Half of American tax payers owe no federal income tax, and most of those filers actually net tax benefits from federal income taxes, according to analysis from the Joint Committee on Taxation in a letter to the Republicans on the Senate Finance Committee.

[...] there are Americans — millions of them — who really do pay practically zero overall taxes. About 15 million American households, or 10% of all taxpayers, receive more cash from the IRS than they contribute in federal income taxes and payroll taxes. That’s thanks to “refundable credits,” tax credits that can bring your tax bill into negative territory. To some, these 15 million are low-income Americans benefiting from smart and targeted welfare run through the tax code. To others, they are unacceptable free riders, citizens with a vote but no stake in federal government.

The richest 20% of the country pays more than half of income taxes for two simple reasons: America’s wealthiest 20% earns half the nation’s income and their income is taxed at a higher rate. The Wall Street Journal brings the visuals:”

~Click image to enlarge~

The richest 20% of Americans pay more than half of this country’s total income taxes.

The richest 10% of Americans’ share of taxes is 1.35 times their income, which is the largest share among the West and Japan.

And yet, the POS in the White House says it’s still not enough. The POS says “Tax more! Tax Eat the rich! Tax the middle class! Tax Obamacare! Class warfare!”

Did you know that economists tell us most of Obamacare’s 21 new taxes will fall on the middle class?

We’re DOPES!!!!

See also my post of July 13, “Does Congress have the power to tax, including Obamacare tax?”.

~Eowyn