In response to:

Trillion Dollar Tax Hike Hidden in Fiscal Cliff

binc Wrote: Dec 07, 2012 6:59 AM
Leftists love nothing more than taking money from others for their pet projects. Giving their own money? Not so much. Let the tax cuts expire and watch them squeal. If nothing else, it will be highly entertaining and well worth the cost.

According to Americans for Tax Reform, there is a $1 trillion tax hike hidden in the fiscal cliff that has been kept under the radar. The Congressional Budget Office estimates new or higher ObamaCare taxes will total a net $1 trillion over the next ten years starting in 2013. The taxes are permanent due to being written into the legislation and come in the form of a medical device tax, surtax on investment income, an increase in the Medicare payroll tax rate, the medical itemized deduction "haircut" tax, employer and individual mandate non-compliance tax and more. The numbers below...