Saturday, August 11, 2012

Who will pay for Obamacare? People like me and you.

“How much will ObamaCare actually cost us? 90% of the burden will be funded by new taxes that will fall upon individuals making between $9,500 and $200,000!” Over one third of the burden will fall upon people with incomes between $9,500 and $37,300, whose ObamaCare tax will be a flat $695 beginning in 2016. That makes the ObamaCare mandate tax a very regressive tax.   Well over one half of the burden will fall upon people whose incomes put them squarely in the middle class. This breaks the President’s 2008 campaign pledge to not raise taxes on the middle class, which he defined as individuals making less than $200,000 a year, or households with incomes less than $250,000.   http://www.mygovcost.org/2012/07/25/the-mandate-tax-burden-of-obamacare/

Here’s an article on the penalty tax. http://www.businessinsider.com/how-much-is-the-obamacare-penalty-tax-2012-7

I’m not too worried about his broken promises.  He lies so often, the promises don’t matter.

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