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Thursday , September 29 2016
Barack Obama

Alert Your Democrat Friends/Family – $1 Trillion Obamacare Tax Hike to Hit American Producers on January 1

On January 1, regardless of the outcome of fiscal cliff negotiations, Americans will be hit with a $1 trillion Obamacare tax hike. Democrats didn’t escape being taxed…they have accelerated this country’s demise by re-electing Obama!

Americans Tax ReformOn January 1, 2013 American producers can expect a trillion dollar Obamacare tax hike. Americans for Tax Reform reported:

Obamacare contains twenty new or higher taxes. Five of the taxes hit for the first time on January 1. In total, for the years 2013-2022, Americans face a net $1 trillion tax hike for the years 2013-2022, according to the Congressional Budget Office.

The five major Obamacare taxes taking effect on January are as follows…

The Obamacare Medical Device Tax:  Medical device manufacturers employ 409,000 people in 12,000 plants across the country.

The Obamacare Flex Account Tax: The 30-35 million Americans who use a pre-tax Flexible Spending Account (FSA) at work to pay for their family’s basic medical needs will face a new government cap of $2500

The Obamacare Surtax on Investment Income: This is a new, 3.8 percentage point surtax on investment income earned in households making at least $250,000 ($200,000 single).

The Obamacare “Haircut” for Medical Itemized Deductions: Currently, those Americans facing high medical expenses are allowed a deduction to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI).
The Obamacare Medicare Payroll Tax Hike:  The Medicare payroll tax is currently 2.9 percent on all wages and self-employment profits.  Under this tax hike, wages and profits exceeding $200,000 ($250,000 in the case of married couples) will face a 3.8 percent rate instead.

Read the rest here.

About Wayne Dupree

My name is Wayne Dupree or as most of you know me by, Newsninja2012. I am and have been committed to exposing the Democrats in a way that has been frowned upon by some conservatives and cheered by many more.

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