Obama Doesn't Care

Obamacare is complete crap! This is a list of changes that are going to happen in order to pay for Obamacare. I understand that people care about the poor and uninsured, but they just don't use their heads when to comes to the logistics. And in fact, they are doing more hurt to the poor with Obamacare. These policies are not just about taxing the rich, it effects EVERYONE! I know several families who businesses have gone under because of the changes that have already occurred. This is a friends facebook post from a while back:

"Filling out my ballot. fence sitters, call me. I'll explain the Obamacare policies that helped drive my husband out of business. I'll also explain how glad I'll be to not pay the $3000 Obamacare fine I'd have to pay next year because I still can't afford the health insurance my husbands company offers me for a mere $957/month. Or the policies that i used to be able to afford but Ocare has driven a

way. Oh wait, its not a fine, its a tax? My taxes went up, my food and gas bills went up, my stress went up over the last four years and I'm fed up. It's been a long frustrating 4 years. Thanks for trying, President O, but my vote says, i

t's time to go. Lets try a businessman who has a track record of turning financial messes into successes. Crossing my fingers and praying for a better next 4 years, no matter who wins."

Obviously, Romney didn't win, so it will just continue to get better. So, what exactly can you expect from Obamacare?

A 3.8% surtax on "investment income" when your adjusted gross income is more than $200,000 ($250,000 for joint-filers). What is "investment income?" Dividends, interest, rent, capital gains, annuities, house sales, partnerships, etc. Taxes on dividends will rise from 15% to 18.8%--if Congress extends the Bush tax cuts. If Congress does not extend the Bush tax cuts, taxes on dividends will rise from 15% to a shocking 43.8%. (WSJ) I don't think people realize that these tax cuts keep businesses in the USA. We have the highest corporate tax rate. We need these tax cuts to compete with the other countries who don't tax the heck out of businesses. Get rid of these, and you effectively say goodbye to all businesses that are here. Some businesses, Michelin Tires from Germany for example, choose to be here. Let's be as inviting as possible, not tax them to death. 

A 0.9% surtax on Medicare taxes for those making $200,000 or more ($250,000 joint). You already pay Medicare tax of 1.45%, and your employer pays another 1.45% for you (unless you're self-employed, in which case you pay the whole 2.9% yourself). Next year, your Medicare bill will be 2.35%. (WSJ)

Flexible Spending Account contributions will be capped at $2,500. Currently, there is no tax-related limit on how much you can set aside pre-tax to pay for medical expenses. Next year, there will be. If you have been socking away, say, $10,000 in your FSA to pay medical bills, you'll have to cut that to $2,500. (ATR.org) 

The itemized-deduction hurdle for medical expenses is going up to 10% of adjusted gross income. Right now, any medical expenses over 7.5% of AGI are deductible. Next year, that hurdle will be 10%. (ATR.org)

The penalty on non-medical withdrawals from Health care Savings Accounts is now 20% instead of 10%.  That's twice the penalty that applies to annuities, IRAs, and other tax-free vehicles. (ATR.org)

A tax of 10% on indoor tanning services. This has been in place for two years, since the summer of 2010. (ATR.org)

A 40% tax on "Cadillac Health Care Plans" starting in 2018.Those whose employers pay for all or most of comprehensive health care plans (costing $10,200 for an individual or $27,500 for families) will have to pay a 40% tax on the amount their employer pays. The 2018 start date is said to have been a gift to unions, which often have comprehensive plans. (ATR.org) Of course, they are gifting unions. 

A"Medicine Cabinet Tax" that eliminates the ability to pay for over-the-counter medicines from a pre-tax Flexible Spending Account. This started in January 2011. (ATR.org) Punish the responsible people why don't ya? We pay for our own medicines, and you want us to stop? 

A "penalty" tax for those who don't buy health insurance. This will phase in from 2014-2016. It will range from $695 per person to about $4,700 per person, depending on your income. (More details here.) This is the one that really gets me. Why are you punishing people for opting out? Oh yeah, because you wouldn't be able to pay for any of this otherwise. The only way to offer insurance is to take the money from others. Playing Robin Hood. 

A tax on medical devices costing more than $100.  Starting in 2013, medical device manufacturers will have to pay a 2.3% excise tax on medical equipment. This is expected to raise the cost of medical procedures. (Breitbart.com) This one is just flat out dumb. Why wouldn't you make expensive medical equipment even MORE expensive? Where is the logic in that?

Read more: http://www.businessinsider.com/here-are-the-new-obamacare-taxes-2012-7#ixzz2BsSeVUsY

I just wanted to refresh my memory, and others, about why we needed to get Obama out of office. It seems that many of our country's citizens were experiencing short term memory loss when the cast their vote.