What Happened?

Thursday 14 March 2013 - Filed under Uncategorized

What happened to “if you make less than $250k your taxes will not go up?” TaxProf:

The Joint Committee on Taxation recently released a 96 page report on the tax provisions associated with Affordable Care Act. The report describes the 21 tax increases included in Obamacare, totaling $1.058 trillion – a steep increase from initial assessment. The summer 2012 estimate is nearly twice the $569 billion estimate produced at the time of the passage of the law in March 2010.

These taxes include payroll taxes, which affect every working American regardless of income, the penaltax (AKA the individual mandate), and an annual tax on prescription drug imports (amongst many others). Of course I don’t expect the media to inform America that taxes on everyone have been raised and yet another of Obama’s promises turned out to be little more than placating bullshit designed to illicit votes from idiots.

2013-03-14  »  madlibertarianguy