Intentional Misrepresentation of the Health Care Reform Bill.

 

Lawmakers never read the Health Care Reform Bill they mandated into law or else they conspired to hide the 19 new taxes found in the Health Care Reform Bill.

In their zeal to pass a health care reform bill that is designed to make health care coverage affordable and available for more than 95 percent of Americans, Congress hasn’t explained very well the hidden tax bombs that the bill contains.

You will only be allowed to deduct medical expenses in excess of 10% of your Adjusted Gross Income. Currently that number is 7.5%.

If you buy a house and live in it for 20 years and the value goes up over 250k, a 4% tax will be levied on your proceeds from the sale of your house, which will go to cover Health Care costs.

Medicare payroll tax goes to 6.15%.
New Medicare payroll tax of 3.8% will be applied to interest, dividends, capital gains and other investment income for couples making more than $250,000 a year and individuals making more than $200,000. The bill also increases the normal Medicare payroll tax from 1.45% to 2.35% for the same individuals.

3.8% tax on payouts from annuities
Investors who buy stocks and forget about them for more than a year will see an increase of almost 20% in taxes owed in 2010.

If you purchase a wheelchair, you will pay a 2.3% excise tax.

Pharmaceutical companies will be allowed to pass a $3 billion annual fee on to you.

Part of the bills is The Community Living Assistance Services and Support Act (CLASS Act), Americans will find between $150 and $250 taken out of their paychecks each month to cover this program nobody knew about.

Penalties on individuals.
Individuals will pay a yearly penalty of $695, or up to 2.5 percent of their annual income, if they cannot show they have purchased a government-approved health policy.

Penalties on families.
Families will pay a yearly penalty of $347 per child, up to $2,250 per family, if parents cannot show they have purchased a government- approved policy.

2.9 percent tax on medical aid devices.

This appears to be the FIRST - Federal Sales Tax - in the United States.
Tax on tanning. Imposes a 10 percent tax on services at tanning salons. Business owners will collect the tax from customers and send it to the federal government.

The START of..........................

THE - 1st FEDERAL SALES TAX,           (E V E R)

WITH MORE TO COME ! ! !

Don't Be BLUE