Thursday, July 5, 2012


. the numbers:

15% : Capital gains tax in 2012

23.8% : Capital gains tax in 2013 and beyond

15% : tax on dividends in 2012

43.4% : tax on dividends in 2013 and beyond

$86 billion: Medicare payroll tax to go into effect Jan. 2013.

$65 billion : Individual Mandate Excise Tax and Employer Mandate Tax to take effect in January of 2014. (You will be pleased to know that illegal immigrants are exempted this tax. Hell between this, in-state tuitions, driver licenses, non-deportation decrees, etc. who would want to be a U.S. citizen? That whole living in the shadows thing is a pretty sweet deal.)

$60.1 billion : Tax on Health Insurers to take effect Jan. 2014.

$32 billion : Excise Tax on Comprehensive (Cadillac Health Insurance Plans to take effect Jan. 2018. (That relatively far off date of 2018 was a pay-off to the unions).

$22.2 billion : Tax on Innovator Drug Companies which took effect in 2010. (A tax on innovation... only a rotted-out, ideologically-driven statist-riddled mind could come up with a concept that patently absurd)

Read more of the insanity at the link.

We keep saying around here that Obamatax isn't really about improving the quality of healthcare in this country. Now, why would that be?

With the Supreme Court giving President Obama's new health care law a green light, federal and state officials are turning to implementation of the law -- a lengthy and massive undertaking still in its early stages, but already costing money and expanding the government.

The Health and Human Services Department "was given a billion dollars implementation money," Republican Rep. Denny Rehberg of Montana said. "That money is gone already on additional bureaucrats and IT programs, computerization for the implementation."

"Oh boy," Stan Dorn of the Urban Institute said. "HHS has a huge amount of work to do and the states do, too. There will be new health insurance marketplaces in every state in the country, places you can go online, compare health plans."

The IRS, Health and Human Services and many other agencies will now write thousands of pages of regulations -- an effort well under way:

"There's already 13,000 pages of regulations, and they're not even done yet," Rehberg said.

And this:

A new analysis by the Joint Economic Committee and the House Ways & Means Committee minority staff estimates up to 16,500 new IRS personnel will be needed to collect, examine and audit new tax information mandated on families and small businesses in the ‘reconciliation’ bill being taken up by the U.S. House of Representatives this weekend. ...

Scores of new federal mandates and fifteen different tax increases totaling $400 billion are imposed under the Democratic House bill. In addition to more complicated tax returns, families and small businesses will be forced to reveal further tax information to the IRS, provide proof of ‘government approved’ health care and submit detailed sales information to comply with new excise taxes

Having the IRS at the tip of the health care reform spear just doesn't pass the sniff test.



tom said...

16,500 IRS employees. How many doctors and nurses are funded in this "health" bill?

SarahB said...

Thank you for cleaning up the AFTR report (which looked like alphabet soup to my dyslexic brain). Excellent digestible data...will be sharing.