Thx for the heads up Rick................
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Here is a list of taxes associated with ObamaCare:
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Here is a list of taxes associated with ObamaCare:
- New tax on individuals who do not purchase government‐approved health insurance
- New tax on employers who fail to fully comply with government health insurance mandates
- New 40% excise tax on certain high‐cost health plans
- New ban on the purchase of over‐the‐counter drugs using funds from
- FSAs, HSAs and HRAs
- Increase the Medicare tax on wages and self -employment income by 0.9% and impose a new 3.8% surtax on certain investment income (for individuals over $200,000 and couples over $250,000)
- Increase, from 7.5% to 10% of income, the threshold after which individuals can deduct out of pocket medical expenses
- Impose a new $2,500 annual cap on FSA contributions
- New annual tax on health insurance
- New annual tax on brand name pharmaceuticals
- New 2.3% excise tax on certain medical devices
- New 10% tax on indoor UV tanning services
- New tax on insured and self‐insured health plans
- Double the penalty for non‐qualified HSA distributions
- Eliminate the deduction for expenses allocable to Medicare Part D subsidy
- Limit the deduction for compensation to officers, employees and directors of certain health insurance providers
- Require information reporting on payments to corporations
- Impose additional requirements for section 501(c)(3) hospitals
- Make “black liquor” ineligible for cellulosic biofuel producer credit
- Codify economic substance doctrine and impose penalties for Under-payments