7 New Taxes

“We won’t know what was in the Bill until we pass it” – Nancy Pelosi.

THIS IS WHAT’S IN IT:

ObamaCare & the SEVEN NEW TAXES ON CITIZENS EARNING LESS THAN $250,000

1 – the mandate (go to the link below for the break down of this)

2 – the medicine cabinet tax: as of 2011, you can no longer use flexible spending accounts for medicines that are over-the-counter, except for insulin.

3 –  all Flexible spending accounts (FSA) will be capped at $2500 per year in 2013 (next year) – this means you’ll have less pre-tax dollars to spend on medical needs, and the gubment gets more of your $$ and you have less $$ to spend on these needs (copays, prescriptions, therapy, counseling, outpatient surgeries, deductibles, that stuff) . 

4 – the medical itemized deduction which is currently 7.5% of adjusted gross income, goes up to 10%.

5 – Health Savings Account (HSA) withdrawal penalty for non-medial uses goes up from 10% to 20% in 2013

6 – the indoor tanning services tax which places a 10% excise tax on tanning services (this is where the gubment behavior control comes in)

7 – excise tax on Comp. Heath Insurance Plans (Cadillac Health Insurance) – this puts a 40% excise tax on employer-paid premiums on taxpayers who are covered by them, and this begins in 2018.

also, beginning in 2012, there is a 2.3% excise tax on medical devices retailing for more than $100. Nebulizers (of which we use and have purchased) are now subject to an additional tax.

read all about it: http://www.breitbart.com/Big-Government/2012/06/29/Seven-new-taxes