ObamaCare Taxes to hit your Wallet in 2013
Posted by FactReal on December 4, 2012
|GET READY TO PAY FOR YOUR “FREE” HEALTH CARE
Late on Friday when Americans were paying less attention to the news, the IRS released new tax rules for 2013 to finance ObamaCare. These taxes will not only hit the “rich”, but also small businesses … and ultimately, most Americans. Why? Because when you raise taxes on activity, you lessen the activity. If small businesses have to pay more in taxes, they will have less money to hire Americans or to invest in new machinery, etc. Who will work harder or invest more if government is just going to confiscate it in the form of taxes?
The Obamacare tax hikes will also affect Americans who sell their houses or whose earnings come from capital gains (profit from the sell of a capital asset, i.e., mutual funds, bonds, stocks, real estate, etc.)
Americans benefit when capital gains taxes are low, because that incentivizes people with money “to take risks and invest in the economy…which will create jobs for others…and get the economy rolling.” But liberal minds do not care about this, they care more about destroying the so-called rich and inciting class warfare.
|Reuters reported yesterday:
- Obamacare Medical Device Tax begins in 2013