Tag Archives: Medicine Cabinet Tax

21 Obama Taxes

Since taking office in January 2009, Skippy has signed into law 21 new or higher taxes:

1. A 156% increase in the federal excise tax on tobacco

2. Obamacare Individual Mandate Excise Tax

3. Obamacare Employer Mandate Tax

4. Obamacare Surtax on Investment Income

5. Obamacare Excise Tax on Comprehensive Health Insurance Plans

6. Obamacare Hike in Medicare Payroll Tax

7. Obamacare Medicine Cabinet Tax

8. Obamacare HSA Withdrawal Tax Hike

9. Obamacare Flexible Spending Account Cap – aka “Special Needs Kids Tax”

10. Obamacare Tax on Medical Device Manufacturers

11. Obamacare “Haircut” for Medical Itemized Deduction from 7.5% to 10% of AGI

12. Obamacare Tax on Indoor Tanning Services

13. Obamacare elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D

14. Obamacare Blue Cross/Blue Shield Tax Hike

15. Obamacare Excise Tax on Charitable Hospitals

16. Obamacare Tax on Innovator Drug Companies

17. Obamacare Tax on Health Insurers

18. Obamacare $500,000 Annual Executive Compensation Limit for Health Insurance Executives

19. Obamacare Employer Reporting of Insurance on W-2

20. Obamacare “Black liquor” tax hike

21. Obamacare Codification of the “economic substance doctrine”

For full details on each tax, check out Americans for Tax Reform

H/t Vision to America & beloved fellow Tina.