Zuckerberg Reveals One of the Most 'Bada**' Things He's Ever Seen
Defiant Biden: I'm Not Going Anywhere
A Convention for the Ages
Confirmed: Here's When the Secret Service Director Will Testify
Kamala Harris Is Now Being Summoned to Put Out Fires
We Haven't Seen This in Decades
Will Mark Zuckerberg Endorse Trump or Biden? Here's What the Tech Tycoon Had...
Ford Scraps Plans for Canadian EV Plant in Favor of Pickup Trucks
Climate Change Alarmists Among Those Calling on Biden to Drop Out
Human Smuggling Has Become a ‘Primary Focus’ in Another Unlikely Border Sector
'Audacity Is Off the Charts': Tulsi Gabbard Savages Kamala Harris for Going After...
Is This Another Sign That Gavin Newsom Will Replace Joe Biden As the...
Here We Go: Buckle Up for an Absolutely Wild Ride
Does This Statement Mean Biden Is Staying in the Race?
Polls Show Considerable Uncertainty From Democrats on Biden Dropping Out
Tipsheet

Trillion Dollar Tax Hike Hidden in Fiscal Cliff

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 are part of a report that was sent to Speaker John Boehner back in July 2012 about the cost of repealing ObamaCare. If President Obama's latest fiscal cliff proposal is passed, this $1 trillion tax hike will be added to Obama's newly proposed $1.6 trillion tax hike over the next ten years.
 

Advertisement

Photobucket

Sponsored

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement