• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Chart of the Week: Obamacare's Barrage of Tax Hikes Coming in 2013

    The first presidential debate takes place in Denver on Wednesday with a focus on domestic issues, including President Obama’s unpopular health-care law. Obamacare imposes numerous tax increases on Americans, totaling more than $500 billion over a 10-year period.

    According to Heritage’s analysis, these higher tax rates on income and investment threaten to slow economic growth. With so much uncertainty already stemming from Taxmageddon, this only adds to the concerns of American families and businesses.

    One of the most alarming taxes — a new payroll tax on investment income — goes into effect in January 2013. It was cited by Americans for Tax Reform as one of the “top five worst Obamacare taxes coming in 2013.”

    More charts like this one are available in Heritage’s Federal Budget in Pictures.

    Posted in Obamacare, Scribe [slideshow_deploy]

    5 Responses to Chart of the Week: Obamacare's Barrage of Tax Hikes Coming in 2013

    1. Gary Larson says:

      Is there a 1pct transation fee attached to this bill if so when does this take place? pls advise

    2. Barry Gleason says:

      Is there going to be a tax on the sale of real estate such as a home, and if so when does that take affect? This question is regards to Obamacare.

    3. Dave James says:

      And the greatest tax of all affecting ALL income levels with any savings is:
      The abysmal interest rate of nearly 0%. Just so the national deficit doesn't increase ANOTHER $trillion dollars a year, thereby benefiting the greatest debtor in world history—the U.S Government.
      So—-which is worse. Raising your taxes? Or not letting you make ANY income on your savings.
      If you can't see this as a form of taxation—You have been snookered…

    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.