Thursday, December 26, 2013

Surprise! Here Come the New Obamacare Taxes and Fees

Lily Dane
Activist Post

In 2014, Americans will find some surprises on their insurance premiums and income tax bills, and they aren’t going to be happy.

Most insurance companies aren’t publicizing the Obamacare taxes – instead, they are discreetly adding them to bills. So far, it has been reported that one insurance company has clearly listed the tax on its bills with a line item titled “Affordable Care Act Fees and Taxes.”

The New York Post reported on the taxes and fees Americans are seeing on their insurance premium bills:
The new taxes on one customer’s bill added up to $23.14 a month, or $277.68 annually, according to Kaiser Health News. It boosted the monthly premium from $322.26 to $345.40 for that individual. 
The new taxes and fees include a 2 percent levy on every health plan, which is expected to net about $8 billion for the government in 2014 and increase to $14.3 billion in 2018. 
There’s also a $2 fee per policy that goes into a new medical-research trust fund called the Patient Centered Outcomes Research Institute.

Obamacare supporters claim that federal subsidies for many low-income Americans will not only cover the taxes, but pay a big chunk of the premiums. But, the Obamacare taxes don’t only apply to the premiums – consumers will also pay hidden taxes.

One of those hidden taxes is the 2.3 percent medical-device tax on items such as pacemakers, stents and prosthetic limbs, inflating the cost for those who need them.

People with high out-of-pocket medical expenses also will get smaller income-tax deductions. Americans are currently allowed to deduct expenses that exceed 7.5 percent of their annual income, but that threshold jumps to 10 percent under Obamacare. The result? Taxpayer costs of about $15 billion over 10 years.

There’s also a new Medicare tax. Under Obamacare, individual tax filers earning more than $200,000 and families earning more than $250,000 will pay an added 0.9 percent Medicare surtax on top of the existing 1.45 percent Medicare payroll tax. In addition, they will also pay an extra 3.8 percent Medicare tax on unearned income, such as investment dividends, rental income and capital gains.

The government is trying to make Americans buy something many of us don’t want, and now we are being forced to pay additional taxes for it – taxes that are set to increase year after year.

Lily Dane is a staff writer for The Daily Sheeple, where this first appeared. Her goal is to help people to “Wake the Flock Up!”

This article may be re-posted in full with attribution.


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dale said...

"There’s also a new Medicare tax. Under Obamacare, individual tax filers earning more than $200,000 and families earning more than $250,000 will pay an added 0.9 percent Medicare surtax,,,:

So if I make 250K, I will pay an extra $490! It's hardly worth making the extra 50K!

So the 1% who make 250K or more will have to pay almost a thousand dollars for every $100,000 over 200K they make. I suspect that most of them will leave the nation to avoid such tyrannical taxes.

What if I am the President and make 400K a year, then I am forced to pay an extra on an extra $150 K (all Presidents have families), or $1500. My 150,000 is slashed to 148,500. It just makes it hardly worthwhile at all to make more money, and besides, I got mine: screw the 40 million who cannot afford healthcare insurance!

Forbes laments the new tax with this headline:
The 0.9% Obamacare Tax that is about to hit You.

You is the 1%.

Here's the news for everyone else:

Using the Kaiser subsidy calculator, I entered the typical income (50K) of a family of 4. How hard will the new taxes hit the average family?

"Health Insurance premium in 2014 (for a silver plan, before tax credit):$8,290 per year You could receive a government tax credit subsidy of up to:$4,925 per year
(which covers 59% of the overall premium) Amount you pay for the premium:$3,365 per year $300 a month for family of 4 for silver plan)


Children under the age of 19 at this income level are likely eligible for coverage under the Children's Health Insurance Program (CHIP) or Medicaid. If your children are eligible for one of these programs, they would not be eligible for subsidized exchange coverage and should instead enroll in CHIP or Medicaid.

The premium and subsidy amounts above are based on a Silver plan. You have the option to apply the subsidy toward the purchase of other levels of coverage, such as a Gold plan (which would be more comprehensive) or a Bronze plan (which would be less comprehensive).

For example, you could enroll in a Bronze plan for about $1,946 per year (which is 3.89% of your household income, after taking into account $4,925 in subsidies). For most people, the Bronze plan represents the minimum level of coverage required under health reform."

And with CHIP or Medicaid, it could be even cheaper.

In the past 30 yrs, the 1% have tripled their income and wealth while the median wage has fallen by 33% despite an 85% increase in labor productivity.

And yet I feel just terrible for the top 1% who will have to pay 0.9% of every penny over $200K they make to help insure that 48 million people currently uninsured can afford healthcare and that all policies meet minimum standards.

And if you are unfortunate enough to make a million year, as 1/4th of 1% do, your extra $800K beyond which you pay the surtax of .09, that will cause your $800,000 to dwindle to $793,000-----a shock that few millionaires can withstand.

Obamacare will cause thousands of millionaires to suffer enormously. What's the point of working hard, exploiting workers, and hiding most of your profits offshore, if the government uses its totalitarian taxing powers to take almost 1% of everything you cannot hide above $200,000?

dale said...

Forbes""Obamacare Premiums Will Be Cheaper Than Expected, Study Finds."
TheHill:"Kaiser study finds 'lower than expected' ObamaCare premiums"
Dayton Business Journal:"Kaiser Foundation: Ohio premiums lower than state projections"
MSNBC: "Premiums lower under Obamacare, report finds."
Slate: "The Biggest Study Yet of Obamacare Premiums indicates insurance will be Cheaper Than Expected"
Newsmax: "Kaiser Study: Obamacare Exchanges Will Produce Lower Insurance Premiums."
Bloomberg: "New York Health Exchanges Offer 50% Drop in Premiums"

Yeah, but for every dollar you make over $200,000, you will have to pay if you make $250K, you will have a surtax of almost $500! Yikes. That hurts. Millionaires will pay serious taxes, almost $7K extra if you make 1 million next year.

And if you don't buy insurance? They will crush you with a penalty of $95! If the cheapest (bronze) plan is over 8% of your income, you are exempted from the mandate and the crushing penalty. If you are an average American family of 4 that makes an average 50K a yr, you can get the bronze plan for under 2K yr, the silver plan for under $300 a month (or lower if kids qualify for CHIPS or Medicaid).

But the toll on the very rich is devastating! The 300% percent rise in incomes of the top 1% of earners will fall at least .05%! Communism! Get your pitchforks, rich folk!

Anonymous said...

you guys feeling sorry for the rich are doubt. So if I make a million dollars, I might have to pay an extra 7K. Realllllllly? That's just terrible. Those poor poor millionaires many of which have accrued that type of money through ill-gotten means, inheritance or fraud.

To F'n bad rich folks. And we give a crap about you for what reasons? The trickle-down effect? That theoretical BS?

Anonymous said...


Think about this. Same tactic.
Using the complicated legalese to trick us into voluntary compliance.

Peter Eric Hendrickson - Cracking the Code: The Truth About Taxation in America

Anonymous said...

I see no evidence that we are still the land of the free...and zero evidence...the home of the BRAVE.

Anonymous said...

If you make just $100, 000 as a couple you loose your right to deduct loses under the Obama tax. Once again targeting normal lower middle class MARRIED PEOPLE.

gnomad1618 said...

The Kaiser study: You offer 5 stories reporting on the same study? Do you think you are talking to idiots?

"The study did not seek to compare expected premium prices under ObamaCare to current prices on the individual market but stated that 15 of the 18 areas examined had premiums below the level most recently projected by the Congressional Budget Office. " --- [ but hey, it's not as bad as we thought]

Other premiums seem to depend on the person. Here are a couple of links from the same sources you provided.

It's fun picking and choosing which statistics you are using to show how awesome your healthcare plan is! or how shitty, too!

You gave played the New York and Ohio studies card. I'll play a 49 states study card:

Look! Actual links!!

Anonymous said...

"There’s also a $2 fee per policy that goes into a new medical-research trust fund called the Patient Centered Outcomes Research Institute."

Oh, don't ya just love that 'trust fund' title? The mission will probably be to find ways to spin the euthanization of unproductive humans to make it seem as if they are being euthanized (killed) 'for their own good', thus it is a Patient Centered Outcome. LOL. They think we are all stupid, don't they!

Anonymous said...

how can i pay ALL my taxes in one lump some to the jewish bankers in switzerland and just be done with it all at once?

Margaret Bartley said...

I don't understand why they talk about the 4-member family making $50K a year, when the median income is about $54K, and the average family has 2.3 people.
Why don't you also talk about the 3-person family making $53K a year, and paying $15K in taxes, another $25K in mortgage, insurance, and utilities, and living on $1000 a month for food, transportation, savings, child care, clothing, etc. Minus the $6K in out-of-pocket expenses they have to pay before their insurance kicks in.
Then they have to pay the insurance premiums out of what's left?

Anonymous said... sounds like to me from this interview....that the reason the US govt did not create a new health care plan for themselves (so we were told/sold), is because they actually did. This man who has done the research of the law says Obamacare was written for the small elite group, same as the income tax was written for them...and it's constitutional. So while everyone complains about both the income tax/IRS, End the FED and Obamacare (both of which work hand in hand with the IRS as their collection agency)...the solution is in the perceived notion that both the income tax and Obamacare apply to 95% of American, when they do not. We need to understand the law and legalese, which we are not taught, to know the truth. We are merely marketed to with lies time and time again, but we need to stand for what is constitutionally correct if we are to keep this document as our guide. So sick of the lies, the deception, the financial terrorism in this country and around the world. We need a cure for this sickness, this kind of cancer! We're it, we are the cure. Our desire to live in peace and freedom must be paramount. Listen to this interview, please. Buy his book and learn what truth we need to correct our path, to free ourselves. It's our lives we're talking about, OUR life, OUR prosperity, OUR right to liberty, OUR right to pursue happiness according to our own intelligence (not that of criminals), according to OUR values, morals and principles!

Peter Eric Hendrickson - Cracking the Code: The Truth About Taxation in America

And in like manner....VOLUNTARY compliance. VOLUNTARY.

Obamacare......the legalease broken down to understand what the hell it says. Remember, we have to read it to know what's in it, but we must understand legalease. The Supreme court judge warned and point to what we needed to know.

Stop complaining and spend the time to know the truth instead.

Anonymous said...

If we should push for any legislation, it should be that all laws and loans, contracts, etc. MUST be written in our common language (not legalese, which they invent and then maliciously and intentionally mis-interpret to us while selling us a bill of goods, which we are not taught) so we don't know what the hell is really going on. Just a bunch of senseless confusion is all it causes. We think a word means one thing (and they know that) and then they say it means something else. How idiotic is this system of trickery, lies, deception! So unnecessary and aggravating.

Hide Behind said...

All well and good, you have insurance to take care of illness, what are your ills and where do they come from?
Will someone point out the cost savings measures that were supposed to take place within the medical pharmaceutical industry; Cost saving measures to aid us in recieving" better and more affordable health care" not as we will now be given, less for our bucks with price increases every year.
This legislation was not a health bill when first presented as it started out as a tax reform and boy has it been reformed.

Anonymous said...

Invisible Contracts, Mercier, 1974

Anonymous said...

You have the choice of refusing to comply.

Anonymous said...

Refusal to comply, passive disobedience, accumulation of punitive fines, hiding your head in the sand, scared for a future the govt defines for the poor and disenfranchised, continuing to spend with blatant disregard for our children's and theirs economic strength to cover the disrepect congress holds for its constituants, will all lead this nation into 2014 with creative snobbery and international parasitic fiscal policies.

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