Tuesday, April 20, 2010

More Obamacare "Hidden" Taxes. . . .


“I can make a firm 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,” ~ President Obama, September 12, 2008

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According to gop.gov:

Beginning January 1, 2013, ObamaCare imposes a 3.8% Medicare tax on unearned income, including the sale of single family homes, townhouses, co-ops, condominiums, and even rental income.

In February 2010, 5.02 million homes were sold, according to the National Association of Realtors. On any given day, the sale of a house, townhome, condominium, co-op, or income from a rental property can push middle-income families over the $250,000 threshold and slam them with a new tax they can’t afford.

This new ObamaCare tax is the first time the government will apply a 3.8 percent tax on unearned income. This new tax on home sales and unearned income and other Medicare taxes raise taxes more than $210 billion to pay for ObamaCare. The National Association of Realtors called this new Medicare tax on unearned income “destructive” and “ill-advised” and warned it would hurt job creation.

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These are just more "hidden" taxes within the Obamacare bill. . . .We haven't even begun to see how and feel the impact Obamacare is going to have on us yet.

This administration will not be happy until they control us. . . .How better than to strap you with new taxes.

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http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home