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December 22, 2009
ATR News: Updated Comprehensive List of Tax Hikes in Reid-Obama Health Bill
Topics: Political News and commentariesFrom the folks at Americans for Taxpayer Reform, comes this jaw-dropping list of tax Hikes in the Reid-Obama Health bill.
As an example, here's just one of the mandated taxes:
Individual Mandate Tax (Page 324/Sec. 1501/$15 bil/Jan 2014): Starting in 2014, anyone not buying "qualifying" health insurance must pay an income surtax according to the higher of the following (page 71 of manager's amendment updates Reid bill):Read more ...
Single 2 People 3+ People 2014 $495/0.5%AGI $990/0.5% AGI $1485/0.5%AGI 2015 $495/1.0% AGI $990/1.0% AGI $1485/1.0%/AGI 2016+ $495/2.0% AGI $990/2.0% AGI $1485/2.0%/AGI Exemptions for religious objectors, undocumented immigrants, prisoners, those earning less than the poverty line, members of Indian tribes, and hardship cases (determined by HHS).
Posted by Abdul at December 22, 2009 2:25 PM
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