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  • 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…

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