Jamie Weinstein
The Daily Caller
12/26/2012
Soaking the rich, Obamacare style – Many of Obamacare’s taxes aren’t kicking until now, which you will note is after November’s presidential election. How convenient. But starting next year, they’re coming, especially for the “rich.” The AP reports:
“For the vast majority of people, the health care law won’t mean sending more money to the Internal Revenue Service. But the wealthiest 2 percent of Americans will take the biggest hit, starting next year. … Starting Jan. 1, individuals making more than $200,000 per year, and couples making more than $250,000 will face a 0.9 percent Medicare tax increase on wages above those threshold amounts. They’ll also face an additional 3.8 percent tax on investment income. Together these are the biggest tax increase in the health care law.”
And this, of course, is on top of the return to pre-Bush era tax rates that will almost certainly take effect for at least most of the top 1 percent of earners beginning next year. But don’t fret, rich. Obama will still be there to hector you about how greedy you are and how you need to pay your fair share…
The column covers a variety of recent political items at The Daily Caller.
Update: Merry Christmas: a (partial) list of Obamacare taxes, fees
…Starting in 2014, companies with 50 or more employees that do not offer coverage will face penalties if at least one of their employees receives government-subsidized coverage. The penalty is $2,000 per employee, but a company’s first 30 workers don’t count toward the total…
