Grabbing All Of Our Stuff

Thanks to Congressman Frelinghuysen for passing along the list below of the twenty-one tax hikes that the Roberts' ObamaCare ruling leaves in place that will cost taxpayers between $675 billion & $800 billion over the next ten years according to the Joint Committee On Taxation – it all piles up as the statists proceed toward "grabbing all of our stuff" – quote by the inspirational Tea Partier Reverend CL Bryant.  Just compare the estimate when the bill first passed to the re-estimate now.

 

BO's plan is centered around poverty being an essential element of a society in order for tyranny to rule & he is hell-bent on making the American citizenry poor so that a tyrant controlling all of America's once-held wealth rules – namely him.  This becomes more & more obvious every day to any one paying the least bit of attention who can connect every third or fourth dot or who can add two plus two & get anywhere near four.

 

Now the Roberts' decision becomes more detestable to me every passing day – for so many reasons I have highlighted in these messages.  The latest despicable revelation is that the ObamaCare bill that passed the Senate had a list of new taxes that ObamaCare contained & the mandate-penalty that Roberts alone called a tax & used to justify the entire matter as constitutional was not one of them.

 

The tax-writing House Ways and Means Committee outlines the twenty-one taxes below (figures in billions) - a dozen of these, marked with an asterisk (*), target Americans earning less than BO's self determined rich categories of $200,000 per year for singles and $250,000 per year for married couples.  Please note that the additional taxes on the affluent (first ones on the list below) are not indexed for inflation meaning that it is only a matter of time before this will turn into another AMT-like problem for people who never thought of themselves as high earners.  In the meantime the hidden embedded taxes in many of the others on the list will be passed on to us immediately.

 

Provision	March 2010 Estimate ('10-'19)	June 2012 Re-Estimate ('13-'22)
Additional 0.9 percent payroll tax on wages and self-employment income and new 3.8 percent tax on dividends, capital gains, and other investment income for taxpayers earning over $200,000 (singles)/$250,000 (married)	210.2	317.7
"Cadillac tax" on high-cost plans *	32.0	111.0
Annual tax on health insurance providers *	60.1	101.7
Annual tax on drug manufacturers/importers *	27.0	34.2
2.3 percent excise tax on medical device manufacturers/importers*	20.0	29.1
Limit FSAs in cafeteria plans *	13.0	24.0
Raise 7.5 percent AGI floor on medical expense deduction to 10 percent *	15.2	18.7
Deny eligibility of "black liquor" for cellulosic biofuel producer credit	23.6	15.5
Codify economic substance doctrine	4.5	5.3
Increase penalty for nonqualified HSA distributions *	1.4	4.5
Impose limitations on the use of HSAs, FSAs, HRAs, and Archer MSAs to purchase over-the-counter medicines *	5.0	4.0
Impose fee on insured and self-insured health plans; patient-centered outcomes research trust fund *	2.6	3.8
Eliminate deduction for expenses allocable to Medicare Part D subsidy	4.5	3.1
Impose 10 percent tax on tanning services *	2.7	1.5
Limit deduction for compensation to officers, employees, directors, and service providers of certain health insurance providers	0.6	0.8
Modify section 833 treatment of certain health organizations	0.4	0.4
Additional requirements for section 501(c)(3) hospitals	Negligible	Negligible
Employer W-2 reporting of value of health benefits	Negligible	Negligible
Employer mandate *	52.0	Pending
Individual mandate *	17.0	Pending
Other revenue effects	60.3	Pending
1099 reporting for small businesses	17.1	Repealed by P.L. 112-9