Obama Thinks It’s Funny His Hidden Obamacare Taxes Will Crush The Middle...

Obama Thinks It’s Funny His Hidden Obamacare Taxes Will Crush The Middle Class

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Obama-grin

Get  ready to be blindsided by a barrage of new taxes. $1 trillion worth…

They’ll be coming courtesy of the Affordable Care Act, otherwise known as  Obamacare.

And they won’t just be affecting those who make over $250,000. The bulk of  these taxes will be passed on directly to the middle class.

That’s because while a majority of these “stealth taxes” were  designed to be taxes on businesses, they’re actually transferred directly to  ordinary citizens.

MORE: How much extra will you have to pay? To see how Obamacare taxes will directly  affect your paycheck, go  here.

They include the investment income surtax, a Medicare payroll tax, even a  “tanning tax” on those who utilize indoor tanning services.

“Many of those [hidden] taxes, especially those on hospitals, insurers and  medical device manufacturers, will ultimately be passed on through higher  health costs,” said Michael Tanner an expert on the healthcare law.

In fact, analysts estimate Obamacare  will cost the average taxpayer nearly $6,000 in extra taxes as early as next  year.

    Obamacare Tax Hikes Stoke Outrage

Many of the Obamacare taxes are already in effect, others will hit January 1. But they are already infuriating millions of Americans.

While  even Obamacare detractors applaud the requirement that insurance companies  cover pre-existing conditions and put a stop to lifetime caps on benefits, they  say these laudable benefits don’t compensate for the bills high cost –  especially in new taxes.

According  to most experts, Obamacare will create a total of twenty new taxes or tax hikes  on the American people.

In  fact, the Obama administration has already given the IRS an extra $500 million  to enforce the rules and regulations of Obamacare.

The  new taxes don’t bode well for millions of middle-class Americans. Incomes for  the rich have soared this decade but middle class workers have seen their wages  stagnate and even drop since the 2008 Great Recession.

Many  fear Obamacare with its high insurance costs and new taxes, could provide the  middle class a fatal blow.

http://moneymorning.com/ob-article/obamacare-taxes.php?code=dis-oc-taxes

 

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