Obamacare’s 18 New Tax Hikes

08/24/2012 09:30

by Alyene Senger and John Fleming

Not only did the President and his partners in Congress take $716 billion out of Medicare to pay for Obamacare, but they also raise taxes by $836.3 billion to pay for it, with $36.3 billion hitting Americans in 2013 alone.  Here’s the Congressional Budget Office (CBO) and Joint Committee on Taxation‘s (JCT) updated cost of the Obamacare tax hikes and penalties. Payrool taxes increase from 2.9% to 3.8% for single filers.  A Forty percent excise tax on health care plans costing more than $10,200 for individuals:

Associated Heritage Publications