Tuesday, September 18, 2012

26. War on Taxpayers

All you taxpayers out there, Hold onto your wallets! Obamacare is set to tax
everything having to do with healthcare, and I mean everything.

First, let’s remember that all costs are passed on: The Federal government passes
their expenses to the states and taxpayers; states pass theirs on to businesses
and taxpayers; businesses pass their costs on to their customers; employers
pass expenses on to employees, or they lay workers off, or they don’t hire new
employees. Even those who don’t pay federal income taxes are customers and
employees. In other words, every single American, poor, middle class, and
wealthy, will be paying something in new taxes from Obamacare.

There are taxes on insurance providers, passed on to their customers in higher
premiums. There are taxes on medical device and pharmaceutical companies
that will be passed on to the patients that need to use these products.

There will be a new tax on income from investments; which will include the sale
of your home—3.8%. The calculations are tedious, but this tax will affect millions
of middle class Americans and those on fixed incomes—Americans whose homes
represent their largest lifetime investment. And imagine what it will do to the
already depressed real estate market.

There are higher Medicare taxes. Decreased tax breaks for medical expense
accounts and medical expenses. And my personal favorite—the 10% tax on
indoor tanning services! Where did that come from??

Seems like I’m forgetting one….Oh yeah, the “tax” to be imposed on American
patients who realize that they can’t afford the premiums of Obama’s new health
insurance policies –estimated to be $13-20,000/year for a family of 4 by 2016.
The “tax” will be $695 per person per year, or 2.5% of your income, whichever is
larger. Chaaaching!

Tell me again how this law is supposed to make our lives better?? Sounds to me
like a War on Taxpayers.

(Note: This commentary is by Dr. Jill Vecchio.)

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