In spite of denials by Democrats and the Obama administration millions of Americans will begin feeling the impact of new Obamacare taxes on January 1, 2013.
Elections taking place on November 6, 2012 will determine whether or not these taxes will be repealed by a new U.S. president, House of Representatives and Senate or will just keep increasing as more of Obamacare is implemented.
According to The Heritage Foundation almost every household will feel the tax impact, regardless of income. Anyone who thinks this will only touch the rich may be surprised to find that:
All in all Obamacare is expected to increase taxes by as much as $500 billion including those on payrolls that will be hit steadily as will health insurance premiums. In addition the tax credit for businesses that offer employees health care will be eliminated.
As tax after tax is exposed by fact checking organizations on the internet sites some Democrat politicians and their mainstream media supporters try to use twisted terminology to avoid using the word “taxes” however they cannot hide the realities of how Obamacare is going to hit the pocketbooks of the average America
According to Americans for Tax Reform:
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.)
The question is whether Obama can fool some of the people some of the time but not all of the people all of the time. How many Americans have been fooled will be determined during the 2012 election.
Elections taking place on November 6, 2012 will determine whether or not these taxes will be repealed by a new U.S. president, House of Representatives and Senate or will just keep increasing as more of Obamacare is implemented.
According to The Heritage Foundation almost every household will feel the tax impact, regardless of income. Anyone who thinks this will only touch the rich may be surprised to find that:
- • Low income workers with average income of $24,757 will see a tax increase of $1,207.
- • Millennials with average incomes of $23,917 will see a tax increase of $1,099,
As tax after tax is exposed by fact checking organizations on the internet sites some Democrat politicians and their mainstream media supporters try to use twisted terminology to avoid using the word “taxes” however they cannot hide the realities of how Obamacare is going to hit the pocketbooks of the average America
According to Americans for Tax Reform:
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.)
The question is whether Obama can fool some of the people some of the time but not all of the people all of the time. How many Americans have been fooled will be determined during the 2012 election.
