How To Prepare For New 1-1-2013 Obamacare Tax Hikes
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While the media focuses on the uncertainty of the so-called “fiscal cliff,” millions of Americans are facing a tax-hike certainty: the 20 new taxes imposed by Obamacare that go into effect on January 1, 2013. You’re likely to be one of those affected.
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With the 2012 clock ticking down, many individuals and small businesses are now scrambling to protect themselves from 20 new taxes.
Incredibly, when The Patient Protection and Affordable Care Act (PPACA) was signed into law no one actually had a clue what was in the bill—not Congress, not even Obama.
During the ensuing months the media tore the bill apart and discovered economic bombshells.
6 million new unemployed
The sea change affecting America is scheduled to hit like a tidal wave during 2013 through 2014 and threatens to plunge the U.S. back into a recession steeper than the current one.
One corporation after another is announcing cutbacks, layoffs, reduction of employees’ hours…or simply moving whole divisions overseas.
The forecast for business expansion during the next several years is mediocre at best, probably not enough to keep up with newly graduated college graduates entering the workforce.
The National Manufacturers Association sees bleak times ahead for employment, and the U.S. economy.
Investor’s Business Daily recently summed up the Association’s position this way: “The National Manufacturers Association forecasts 6 million layoffs and an 11 percent unemployment rate as a result of Obama’s pending tax hikes and regulatory siege.”
Of course the tax hikes and a veritable army of new IRS agents enforcing all the new healthcare taxes will only exacerbate an already flailing economy.
Surprises and shocks
One tax account recently summed up all the new taxes as “…an avalanche of surprises and shocks.” His claim is far from an exaggeration when some of the new taxes are analyzed. They include:
1. A medical device tax
2. A tax to provide for children with “special needs”
3. A surtax on investment income that will hit many investors (including private and public pension plans and the retired on fixed incomes)
4. A rise in the threshold for itemized deductions of medical expenses
5. A Medicare payroll tax increase that has a direct, deleterious effect on small businesses making profits and earnings over $200,000 annually.
All this will be dumped on top of a faltering economy with high unemployment and rising underemployment, unarguably the worst economy since the end of World War Two.
Another shocker: property owners may have a new property tax burden. This complicated tax will affect millions of unsuspecting Americans. Its impact is analyzed in the Wall Street Journal article, “Property Owners Face a New Surtax.“
For details on ways to avoid or reduce the new taxes CLICK HERE TO READ MORE NOW.
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Every time I see obamas face, I wonder why he is president. How did he get to be president?
Because the Republicans offered up a corrupt lying banker as their choice.
I got an idea and it will likely work for a lot of people, especially recently…
I don’t plan on paying taxes and it is not because of any reason like i don’t like how the money is spent or don’t like the war… that only get’s you on the enemy target list…
INSTEAD… i don’t plan on paying because i don’t have the ability to put food on the table and a roof over my head AND pay taxes. I have an INABILITY to pay… which is different than REFUSING to PAY. I simply can’t pay when it will cause me to be unable to live. No government can claim your taxes are more important than your life. This option will not work for everyone, but i believe a significant number can do this and it is not sticking your neck out to the point of endangering yourself, you are just saying you can’t comply.
It is not important that anyone think the way i do, it is only important that they do think.
http://www.akisstobreakthespell.com
” just saying you can’t comply” Sounds god on paper but you are heading for a world of grief and
harassment from the IRS.
Good luck to you!
Be that as it may, on paper or off, i don’t have the ability to pay -and keep a roof over my head and food on the table. I the govt supposed to protect my ability to provide food and shelter or are they supposed to threaten it?
If their purpose is to threaten it, then i might as well know that and the sooner the better. I think that would apply to everyone across the board.
Obama is trying to bring down capitalism. All this idiot’s mentors were Communists and Marxists. We are slowly losing our freedoms. The Affordable Health Care bill (oxymoron) is a good example. If you need a kidney for example, it’s no longer first come, first serve. The government will decide who deserves it. Unless we act now, we are all screwed.
It isn’t capitalism, it’s Imperialistic Capitalism brought to you by the banking Elite. Get it right.
Obama Schmo-bama… our problems are immorality and disrespect, Obama doesn’t corner the market on that… it takes a lot of cooperation to jack the world up this bad.
Do you kid yourself that ANYONE can even get into politics without being selected for their selfishness and cruelty? Or do you think it is just coincidence that there is nothing but evil at the top of all organizations and corporations, political and religious structures worldwide?
It’s an agenda that’s been in the works for centuries… and longer. I give you a hint who runs it… okay, they own the media and here’s a biggie… they consider themselves chosen by God and all our politicians swear allegiance to the country they are stealing from the Palestinians through genocide.
So, when CONGRESS passed the PPACA, and Obama signed off on it, NEITHER PARTY had a clue as to what they were signing? REALLY?!
I don’t know about anyone else, but I find that hard to believe! As intense as the back and forth was on the bill, altering this and that to make it acceptable, surely SOMEONE, SOMEWHERE, at least read a BIT of the document, considering the amount of debate and scrutiny directed at it. It was quoted ad nauseum, and analyzed in great detail…BEFORE it was passed!
And who is this “media” that “tore it apart and found bombshells?” Why were these “media” more able and qualified than the best Constitutional Lawyers in the U.S. to “find” all these problems?
If I was in Congress and asked to sign such an impactful bill, I would make an effort to familiarize myself with it, and if it was beyond my abilities, I would put my staff on it. Quite frankly, I don’t believe ANY of this, starting with “nobody had a clue what they were signing” and going downhill from there.
Can you say, FUD?