Wed, Jul 23, 2014, 6:31 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

Time Warner Inc. Message Board

obama_tax_secrets 149 posts  |  Last Activity: Nov 2, 2012 1:15 PM Member since: Oct 18, 2012
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • obama_tax_secrets obama_tax_secrets Nov 2, 2012 1:15 PM Flag

    Obama Sees Middle Class Tax Increase as a Victory, Read and than vote for him if you really love it and if not vote for Governor Mitt Romney.

    Obamacare law contains 20 new or higher taxes on American families and small businesses–
    WASHINGTON, DC – Obamacare contains 20 new or higher taxes on American families and small businesses. Arranged by their respective effective dates, below is the total list of all $500 billion-plus in tax hikes (over the next ten years) in Obamacare, where to find them in the bill, and how much your taxes are scheduled to go up as of today:
    Taxes that took effect in 2010:

    1. Excise Tax on Charitable Hospitals (Min$/immediate): $50,000 per hospital if they fail to meet new “community health assessment needs,” “financial assistance,” and “billing and collection” rules set by HHS. Bill: PPACA; Page: 1,961-1,971

    2. Codification of the “economic substance doctrine” (Tax hike of $4.5 billion). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113

    3. “Black liquor” tax hike (Tax hike of $23.6 billion). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105

    4. Tax on Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980

    5. Blue Cross/Blue Shield Tax Hike ($0.4 bil/Jan 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services. Bill: PPACA; Page: 2,004

    6. Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399

    7. Medicine Cabinet Tax ($5 bil/Jan 2011): Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non- prescription, over-the-counter medicines (except insulin). Bill: PPACA; Page: 1,957-1,959

    8. HSA Withdrawal Tax Hike ($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax- advantaged accounts, which remain at 10 percent. Bill: PPACA; Page: 1,959
    Tax that took effect in 2012

    9. Employer Reporting of Insurance on W-2 (Min$/Jan 2012): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957
    Taxes that take effect in 2013

    The Largest Tax Hike in US History has just been upheld by the Supreme Court of the United States and President Obama sees this assault on the middle class as a victory.
    The already unpopular 2010 health care reform law has been converted by the court into a $1.76 trillion tax increase funded by escalating taxes to be paid the vast majority of taxpayers. The high court’s ruling leaves in place 20 tax increases in the health-care law, of those, 12 tax hikes would affect families earning less than $250,000 per year, including a “Cadillac tax” on high-cost insurance plans, a tax on insurance providers, and an excise tax on medical device manufacturers.

    By formally converting ‘Obamacare’ into ‘Obamatax,’ the court allows Obama to raise taxes on the middle-class.
    The decision is a distressing blow to taxpayers and represents the single largest tax increase on young people in the nation’s history. When it takes full effect, the Internal Revenue Service will have immense new power and authority to persecute and prosecute a whole new group of taxpayers.

    If the law takes full effect, it will devastate small businesses and destroy any chance for a sustainable economic recovery. It will add trillions of dollars to the national debt and push the country toward bankruptcy even faster than current projections. Any individual who believes that this decision must be overturned must do everything possible to undo the damage that has been done, especially at the ballot box on November 6.

  • obama_tax_secrets obama_tax_secrets Oct 27, 2012 3:26 PM Flag

    The Obamacare Failed Health Care Plan to cost $1.76 trillion over 10 yrs,

    President Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.

    Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO's standard ten-year budget window and, at least on paper, meet Obama's pledge that the legislation would cost "around $900 billion over 10 years." When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.

    Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law's core provisions to expand health insurance coverage has now ballooned to $1.76 trillion. That's because we now have estimates for Obamacare's first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn't overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we're likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.

    UPDATE: I've done another post with additional details from the CBO report.

  • obama_tax_secrets obama_tax_secrets Oct 26, 2012 11:34 AM Flag

    Obama Sees a Middle Class Tax of $I.7 Trillion Increase as a Victory read this and vote for Obama if you like it.

    –Obamacare law contains 20 new or higher taxes on American families and small businesses–

    The Largest Tax Hike in US History has just been upheld by the Supreme Court of the United States and President Obama sees this assault on the middle class as a victory.

    The already unpopular 2010 health care reform law has been converted by the court into a $1.76 trillion tax increase funded by escalating taxes to be paid the vast majority of taxpayers. The high court’s ruling leaves in place 20 tax increases in the health-care law, of those, 12 tax hikes would affect families earning less than $250,000 per year, including a “Cadillac tax” on high-cost insurance plans, a tax on insurance providers, and an excise tax on medical device manufacturers. By formally converting ‘Obamacare’ into ‘Obamatax,’ the court allows Obama to raise taxes on the middle-class.

    The decision is a distressing blow to taxpayers and represents the single largest tax increase on young people in the nation’s history. When it takes full effect, the Internal Revenue Service will have immense new power and authority to persecute and prosecute a whole new group of taxpayers.

    If the law takes full effect, it will devastate small businesses and destroy any chance for a sustainable economic recovery. It will add trillions of dollars to the national debt and push the country toward bankruptcy even faster than current projections. Any individual who believes that
    this decision must be overturned must do everything possible to undo the damage that has been

    done, especially at the ballot box on November 6.

  • Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

    Obama The Next One Term President Sees Middle Class Tax Increase as a Last Victory

    The Largest Tax Hike in US History has just been upheld by the Supreme Court of the United States and President Obama sees this assault on the middle class as a victory.

    The already unpopular 2010 health care reform law has been converted by the court into a $1.76 trillion tax increase funded by escalating taxes to be paid the vast majority of taxpayers. The high court’s ruling leaves in place 20 tax increases in the health-care law, of those, 12 tax hikes would affect families earning less than $250,000 per year, including a “Cadillac tax” on high-cost insurance plans, a tax on insurance providers, and an excise tax on medical device manufacturers. By formally converting ‘Obamacare’ into ‘Obamatax,’ the court allows Obama to raise taxes on the middle-class.

    The decision is a distressing blow to taxpayers and represents the single largest tax increase on young people in the nation’s history. When it takes full effect, the Internal Revenue Service will have immense new power and authority to persecute and prosecute a whole new group of taxpayers.

    If the law takes full effect, it will devastate small businesses and destroy any chance for a sustainable economic recovery. It will add trillions of dollars to the national debt and push the country toward bankruptcy even faster than current projections. Any individual who believes that this decision must be overturned must do everything possible to undo the damage that has been done, especially at the ballot box on November 6.

    –Obamacare law contains 20 new or higher taxes on American families and small businesses–

    WASHINGTON, DC – Obamacare contains 20 new or higher taxes on American families and small businesses. Arranged by their respective effective dates, below is the total list of all $500 billion-plus in tax hikes (over the next ten years) in Obamacare, where to find them in the bill, and how much your taxes are scheduled to go up as of today:
    Taxes that took effect in 2010:

    1. Excise Tax on Charitable Hospitals (Min$/immediate): $50,000 per hospital if they fail to meet new “community health assessment needs,” “financial assistance,” and “billing and collection” rules set by HHS. Bill: PPACA; Page: 1,961-1,971

    2. Codification of the “economic substance doctrine” (Tax hike of $4.5 billion). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113

    3. “Black liquor” tax hike (Tax hike of $23.6 billion). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105

    4. Tax on Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980

    5. Blue Cross/Blue Shield Tax Hike ($0.4 bil/Jan 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services. Bill: PPACA; Page: 2,004

    6. Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399

    7. Medicine Cabinet Tax ($5 bil/Jan 2011): Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non- prescription, over-the-counter medicines (except insulin). Bill: PPACA; Page: 1,957-1,959

    8. HSA Withdrawal Tax Hike ($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax- advantaged accounts, which remain at 10 percent. Bill: PPACA; Page: 1,959
    Tax that took effect in 2012

    9. Employer Reporting of Insurance on W-2 (Min$/Jan 2012): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957
    Taxes that take effect in 2013

    10. Surtax on Investment Income ($123 billion/Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93
    Capital Gains Dividends Other*
    2012 15% 15% 35%
    2013+ 23.8% 43.4% 43.4%

    *Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents,
    and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens.

    11. Hike in Medicare Payroll Tax ($86.8 bil/Jan 2013): Current law and changes:
    First $200,000 ($250,000 Married) Employer/Employee All Remaining WagesEmployer/Employee
    Current Law 1.45%/1.45%2.9% self-employed 1.45%/1.45%2.9% self-employed
    Obamacare Tax Hike 1.45%/1.45%2.9% self-employed 1.45%/2.35%3.8% self-employed
    Bill: PPACA, Reconciliation Act; Page: 2000-2003; 87-93

    12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ
    360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for Mitt Romney’s surge continues.He has narrowed the gap against President Obama to a single point in the critical swing state of Ohio, with the president clinging to a one-point lead, according to a new pollThe Public Policy Polling tally shows the president topping Mitt Romney by 49-
    48 percent...

  • Reply to

    Did You Notice Who Obama Threatened?

    by bye_bye_obama Oct 10, 2012 11:00 AM
    obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:14 PM Flag

    Obama The Next One Term President Sees Middle Class Tax Increase as a Last Victory

    The Largest Tax Hike in US History has just been upheld by the Supreme Court of the United States and President Obama sees this assault on the middle class as a victory.

    The already unpopular 2010 health care reform law has been converted by the court into a $1.76 trillion tax increase funded by escalating taxes to be paid the vast majority of taxpayers. The high court’s ruling leaves in place 20 tax increases in the health-care law, of those, 12 tax hikes would affect families earning less than $250,000 per year, including a “Cadillac tax” on high-cost insurance plans, a tax on insurance providers, and an excise tax on medical device manufacturers. By formally converting ‘Obamacare’ into ‘Obamatax,’ the court allows Obama to raise taxes on the middle-class.

    The decision is a distressing blow to taxpayers and represents the single largest tax increase on young people in the nation’s history. When it takes full effect, the Internal Revenue Service will have immense new power and authority to persecute and prosecute a whole new group of taxpayers.

    If the law takes full effect, it will devastate small businesses and destroy any chance for a sustainable economic recovery. It will add trillions of dollars to the national debt and push the country toward bankruptcy even faster than current projections. Any individual who believes that this decision must be overturned must do everything possible to undo the damage that has been done, especially at the ballot box on November 6.

    –Obamacare law contains 20 new or higher taxes on American families and small businesses–

    WASHINGTON, DC – Obamacare contains 20 new or higher taxes on American families and small businesses. Arranged by their respective effective dates, below is the total list of all $500 billion-plus in tax hikes (over the next ten years) in Obamacare, where to find them in the bill, and how much your taxes are scheduled to go up as of today:
    Taxes that took effect in 2010:

    1. Excise Tax on Charitable Hospitals (Min$/immediate): $50,000 per hospital if they fail to meet new “community health assessment needs,” “financial assistance,” and “billing and collection” rules set by HHS. Bill: PPACA; Page: 1,961-1,971

    2. Codification of the “economic substance doctrine” (Tax hike of $4.5 billion). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113

    3. “Black liquor” tax hike (Tax hike of $23.6 billion). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105

    4. Tax on Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980

    5. Blue Cross/Blue Shield Tax Hike ($0.4 bil/Jan 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services. Bill: PPACA; Page: 2,004

    6. Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399

    7. Medicine Cabinet Tax ($5 bil/Jan 2011): Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non- prescription, over-the-counter medicines (except insulin). Bill: PPACA; Page: 1,957-1,959

    8. HSA Withdrawal Tax Hike ($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax- advantaged accounts, which remain at 10 percent. Bill: PPACA; Page: 1,959
    Tax that took effect in 2012

    9. Employer Reporting of Insurance on W-2 (Min$/Jan 2012): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957
    Taxes that take effect in 2013

    10. Surtax on Investment Income ($123 billion/Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93
    Capital Gains Dividends Other*
    2012 15% 15% 35%
    2013+ 23.8% 43.4% 43.4%

    *Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents,
    and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens.

    11. Hike in Medicare Payroll Tax ($86.8 bil/Jan 2013): Current law and changes:
    First $200,000 ($250,000 Married) Employer/Employee All Remaining WagesEmployer/Employee
    Current Law 1.45%/1.45%2.9% self-employed 1.45%/1.45%2.9% self-employed
    Obamacare Tax Hike 1.45%/1.45%2.9% self-employed 1.45%/2.35%3.8% self-employed
    Bill: PPACA, Reconciliation Act; Page: 2000-2003; 87-93

    12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ
    360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for Mitt Romney’s surge continues.He has narrowed the gap against President Obama to a single point in the critical swing state of Ohio, with the president clinging to a one-point lead, according to a new pollThe Public Policy Polling tally shows the president topping Mitt Romney by 49-48 percent...

  • Reply to

    obama's Food Stamp Nation

    by limitspecs39 Oct 14, 2012 12:57 PM
    obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:13 PM Flag

    Obama The Next One Term President Sees Middle Class Tax Increase as a Last Victory

    The Largest Tax Hike in US History has just been upheld by the Supreme Court of the United States and President Obama sees this assault on the middle class as a victory.

    The already unpopular 2010 health care reform law has been converted by the court into a $1.76 trillion tax increase funded by escalating taxes to be paid the vast majority of taxpayers. The high court’s ruling leaves in place 20 tax increases in the health-care law, of those, 12 tax hikes would affect families earning less than $250,000 per year, including a “Cadillac tax” on high-cost insurance plans, a tax on insurance providers, and an excise tax on medical device manufacturers. By formally converting ‘Obamacare’ into ‘Obamatax,’ the court allows Obama to raise taxes on the middle-class.

    The decision is a distressing blow to taxpayers and represents the single largest tax increase on young people in the nation’s history. When it takes full effect, the Internal Revenue Service will have immense new power and authority to persecute and prosecute a whole new group of taxpayers.

    If the law takes full effect, it will devastate small businesses and destroy any chance for a sustainable economic recovery. It will add trillions of dollars to the national debt and push the country toward bankruptcy even faster than current projections. Any individual who believes that this decision must be overturned must do everything possible to undo the damage that has been done, especially at the ballot box on November 6.

    –Obamacare law contains 20 new or higher taxes on American families and small businesses–

    WASHINGTON, DC – Obamacare contains 20 new or higher taxes on American families and small businesses. Arranged by their respective effective dates, below is the total list of all $500 billion-plus in tax hikes (over the next ten years) in Obamacare, where to find them in the bill, and how much your taxes are scheduled to go up as of today:
    Taxes that took effect in 2010:

    1. Excise Tax on Charitable Hospitals (Min$/immediate): $50,000 per hospital if they fail to meet new “community health assessment needs,” “financial assistance,” and “billing and collection” rules set by HHS. Bill: PPACA; Page: 1,961-1,971

    2. Codification of the “economic substance doctrine” (Tax hike of $4.5 billion). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113

    3. “Black liquor” tax hike (Tax hike of $23.6 billion). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105

    4. Tax on Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980

    5. Blue Cross/Blue Shield Tax Hike ($0.4 bil/Jan 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services. Bill: PPACA; Page: 2,004

    6. Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399

    7. Medicine Cabinet Tax ($5 bil/Jan 2011): Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non- prescription, over-the-counter medicines (except insulin). Bill: PPACA; Page: 1,957-1,959

    8. HSA Withdrawal Tax Hike ($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax- advantaged accounts, which remain at 10 percent. Bill: PPACA; Page: 1,959
    Tax that took effect in 2012

    9. Employer Reporting of Insurance on W-2 (Min$/Jan 2012): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957
    Taxes that take effect in 2013

    10. Surtax on Investment Income ($123 billion/Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93
    Capital Gains Dividends Other*
    2012 15% 15% 35%
    2013+ 23.8% 43.4% 43.4%

    *Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents,
    and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens.

    11. Hike in Medicare Payroll Tax ($86.8 bil/Jan 2013): Current law and changes:
    First $200,000 ($250,000 Married) Employer/Employee All Remaining WagesEmployer/Employee
    Current Law 1.45%/1.45%2.9% self-employed 1.45%/1.45%2.9% self-employed
    Obamacare Tax Hike 1.45%/1.45%2.9% self-employed 1.45%/2.35%3.8% self-employed
    Bill: PPACA, Reconciliation Act; Page: 2000-2003; 87-93

    12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ
    360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for Mitt Romney’s surge continues.He has narrowed the gap against President Obama to a single point in the critical swing state of Ohio, with the president clinging to a one-point lead, according to a new pollThe Public Policy Polling tally shows the president topping Mitt Romney by 49-48 percent...

  • obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:11 PM Flag

    Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

  • Reply to

    obamacare will wipe out the USA

    by jjh898 Oct 23, 2012 9:23 AM
    obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:10 PM Flag

    Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

  • obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:09 PM Flag

    Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

  • obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:09 PM Flag

    Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

  • obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:08 PM Flag

    Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

  • Reply to

    breakout looks imminent for Ford

    by smalls_62 Sep 24, 2012 5:21 PM
    obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:07 PM Flag

    Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

  • obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:06 PM Flag

    Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

  • obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:05 PM Flag

    Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

  • obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:04 PM Flag

    Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

  • obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:04 PM Flag

    Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

  • obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:03 PM Flag

    Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

  • obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:03 PM Flag

    Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

  • obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:02 PM Flag

    Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

  • obama_tax_secrets obama_tax_secrets Oct 23, 2012 1:02 PM Flag

    Obama October Surprise, Massive Middle-Class Tax Hikes “Devastating Indictment” of President's
    Policies"

    Oct 23,2012 - Hatch Calls Report Showing Obama Budget Plan Would Lead To Massive Middle-Class

    Tax Hikes “Devastating Indictment” of President's Policies

    Utah Senator Says American Action Forum Report Exposes President’s Tax-and-Spend Plan

    Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) cited a report released by the American Action Forum that found that President Obama’s economic proposals will raise taxes on middle class income earners making as little as $30,000 per year, with the average increase per American taxpayer being $1,500. The study is based on the tax implications of the Obama Administration’s current spending plans.

    “Simply put, the President’s spending plans and his claims to not raise taxes just don’t add up,” Hatch said. “Just today Vice President Biden said that the middle class has been ‘buried the last four years’ under President Obama, and as this study shows, President Obama’s policies will put them in even more of a hole. When is enough, enough? All we’ve heard from this White House over the last four years has been more ideas to spend more Americans’ hard-earned tax dollars, and this report is a devastating indictment of President Obama’s failed economic agenda.”

    The report examines the fiscal outlook for balancing the budget over the next ten years. The report summarizes that “If spending plans are unchanged, it appears inevitable that the middle class will face higher taxes. Assuming that one-half the adjustment occurs on the tax side, and that higher taxes are phased in slowly, taxpayers making as little $30,000 will face higher taxes that average as
    much as $1,500 annually over the next 10 years.”

TWX
84.26-2.52(-2.90%)Jul 23 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.