Well it looks like the whole fiscal-cliff drama is going to go on beyond New Years day. After Obama’s arrogant, snotty press conference earlier today in which the media presstitutes cheered on their Messiah, Republicans are pissed off, and there will be no vote in the House today to do anything about the Bush tax cuts.
— The Associated Press (@AP) December 31, 2012
Regardless of what eventually happens (and you know the Republicans will eventually cave,) taxes are going on up EVERYTHING as of tomorrow, thanks to ObamaCARE. The bill that Nancy Pelosi said we had to pass to see what’s in it will include the Medical device tax of 2.3 percent. This tax will be levied against companies regardless if they turn a profit or not for the coming year. This also means you will be paying more for any medical device you may use, regardless of what you income level is.
Another Obamacare tax starting in 2013 is the Flex Account Tax. This is expected to affect between 30-35 million Americans who use a pre-tax Flexible Spending Account (FSA) at work to pay for their family’s basic medical needs will face a new government cap of $2500. This will affect people of all income levels as well.
For those evil ‘rich’ people who make $200,000 or more per year, their investment tax is going way thanks to ObamaCARE. Capital Gains taxes are going up from 15% to 23.8% and dividends are going from 15% to 43.4%.
There is also the ObamaCARE Medicare payroll tax and Obamacare “Haircut” for Medical Itemized Deductions taxes starting tomorrow. Happy New Year everyone!