Category Archives: Tax BS

VIDEO: OBAMACARE’S $100 BILLION TAX HIKE

Beginning in 2014, Obamacare will impose a new sales tax on health insurance premiums. How much will it cost? According to the Joint Committee on Taxation, the health insurance tax will exceed $100 billion. One can certainly see why the Democrats and the President call it the “Affordable Care Act”: [via AHIP]

YOUR HEALTH INSURANCE PREMIUMS WILL BE REPORTED ON YOUR W-2 STARTING THIS YEAR

Not comfortable with that? Well, I’ve got some bad news for you: the information is going to be there whether you like it or not. Why? Because Obamacare requires it: Look closely at your new W-2 form this tax season. Notice Box 12 and the two-letter code DD. If you work for an employer with [...]

DEMS FINALLY SPOT BLINDINGLY OBVIOUS PROBLEM WITH OCARE’S MEDICAL DEVICE TAX

Opponents of ObamaCare have long known that one of its most idiotic provisions calls for a 2.3 percent tax on medical device manufacturers. This provision is not only a sure job killer, it is essentially a tax on innovation, as Paul Hsieh explained nearly two years ago: One of the many new taxes imposed by [...]

ANYONE FOR MORE OBAMACARE TAX RULES?

No? Well, you know what they say in southern Russia. Another question: How many pages of IRS rules does it take to explain a single ObamaCare tax on investments? Answer: Enough to partially hide John Boehner’s ugly mug from the camera. This stack explains the tax on people making more than $200,000 (individuals) and $250,000 [...]

OBAMACARE LAYOFFS BEGIN IN EARNEST

One of the most destructive features of ObamaCare is the new tax it levies on medical device manufacturers. It will inevitably kill hundreds of thousands of jobs and, now that the voters have been dumb enough to re-elect Obama, the layoffs are beginning: Welch Allyn, a company that manufactures medical diagnostic equipment in central New [...]

OBAMACARE MANDATE TAX TO HIT NEARLY 6 MILLION UNISURED

Remember when our President made this pledge? Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes. Well, this turns out to be yet another broken promise: Nearly 6 [...]

OBAMACARE TAX RULES WILL REQUIRE 80 MILLION MAN-HOURS TO IMPLEMENT

Not only is ObamaCare a job killer, it’s a productivity killer: The House Committee on Ways and Means has compiled an estimate of the total amount of hours it will take to comply with the tax rules. The bottom line: 79,229,503 hours, most of which will fall on small businesses. The committee provides a a [...]

FUNNY VIDEO: KLAVAN ON OBAMANOMICS

President Obama will tonight attempt to explain why he deserves to be reelected, despite the deplorable results of his economic policies. City Journal’s Andrew Klavan cuts through all this BS with his mordant explanation of Obamanomics and the truth about free market capitalism:

VIDEO: OBAMA ADMITS MANDATE IS A TAX

He claims here that ObamaCare only taxes you (via the mandate) if you don’t buy insurance. It’s a lie, of course, that you won’t pay a tax if you have insurance. But watch before I explain why: He fails to mention that, if you have a plan whose benefits exceed what the government says is [...]

DICK MORRIS VIDEO: OBAMATAX WILL BE THE BIGGEST ISSUE OF THE ELECTION

This is one of the “lunch alerts” Dick Morris puts out occasionally, and he has bad news for the President. Obama has, according to the Supreme Court, broken his campaign pledge not to raise taxes on anyone making under $250K. And the decision did not reduce opposition to ObamaCare. Morris thinks this combination will cost [...]