Catholibertarian

 

From now until 2018 there will be 20 new or higher taxes thanks to the Affordable Care Act, which is also known as Obamacare.  So far it looks like Obamacare isn’t too affordable.  Here are the five new taxes that will hit your wallet in 2013.

1. The ObamaCare Medical Device Manufacturing Tax

2. The ObamaCare High Medical Bills Tax

3. The ObamaCare Flexible Spending Account Cap 

4. The ObamaCare Surtax on Investment Income

5. The ObamaCare Medicare Payroll Tax increase

Here are explanations for each of those taxes.

1. The ObamaCare Medical Device Manufacturing Tax

This 2.3 percent tax on medical device makers will raise the price of (for example) every pacemaker, prosthetic limb, stent, and operating table. Can you remind us, Mr. President, how taxing medical devices will reduce the cost of health care? The tax is particularly destructive because it is levied on gross sales and…

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