Friday, July 6, 2012

Obamacare Taxes for 2013

Do you think you can skate by without being taxed by Obamacare? Think again. Here are 5 taxes Fox News tells us about:

Medical Device Tax: a 2.3% tax on all medical devices from stents to artificial knees to CPAP masks. This will be passed along to the consumer.

Medical Bills Deduction: You will need more than $10,000 in medical bills now before you can deduct the expenses instead of $7,500.

Flexible Spending Accounts: These will be capped at $2,500. You will no longer be able to use unlimited pre-tax money to pay for medical bills.

Investment Income Surtax: Own stocks? Get dividends to supplement your retirement income? The capital gains tax will increase to 23.8% and the tax on dividends will increase to 43.4%.

Medicare Payroll Tax: It will cost employers $86 billion over the next 10 years.

Note that all of these take effect after the election. There's a reason for that. They didn't want you to realize that Obama lied about increasing taxes on the middle class. Do the right thing in November. Please!

1 comment:

Old NFO said...

Concur, PLEASE Vote!!!