Saturday, September 29, 2012

Obama's Five Worst Tax Increases Coming January 2013

This list was provided by Americans for Tax Reform.

Of the twenty new or higher taxes in Obamacare, below are the five worst that will be foisted upon Americans for the first time on January 1, 2013:
1. The Obamacare Medical Device Tax – a $20 billion tax increase: Think  Stryker
2. The Obamacare “Special Needs Kids Tax” – a $13 billion tax increase:  Capped at $2500, was unlimited.
3. The Obamacare Surtax on Investment Income – a $123 billion tax increase.
4. The Obamacare “Haircut” for Medical Itemized Deductions – a $15.2 billion  tax increase. Limits deductions from 7.5% of AGI to 10%.
5. The Obamacare Medicare Payroll Tax Hike -- an $86.8 billion tax increase.
Get all the details from ATR here.

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