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Author Topic:   10 Major New Health Reform Benefits Take Effect Today
Node
Knowflake

Posts: 990
From: Nov. 11 2005
Registered: Apr 2009

posted September 29, 2010 01:32 PM     Click Here to See the Profile for Node     Edit/Delete Message
AHH- yeah that makes sense. And I agree that AG is a full 180 from a card carrying misogynist.

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AcousticGod
Knowflake

Posts: 3711
From: acousticgod@sbcglobal.net
Registered: Apr 2009

posted September 30, 2010 12:58 AM     Click Here to See the Profile for AcousticGod     Edit/Delete Message
Mislabelling is a bit of a pasttime for Jwhop.

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jwhop
Knowflake

Posts: 2340
From: Madeira Beach, FL USA
Registered: Apr 2009

posted September 30, 2010 08:39 AM     Click Here to See the Profile for jwhop     Edit/Delete Message
Not trying to "school you" in anything acoustic.

I realized long ago you're ineducable.

In the meantime, O'Bomber's running all over America holding "backyard" meetings with his leftist hack partisan supporters still trying to sell O'BomberCare to America.

God, what a moron.

Americans all over America are throwing up on their shoes over O'BomberCare and this jerk is still trying to sell the bill he and his soon to be unemployed Socialist comrades in Congress rammed down America's throat.

Here's something really helpful to small business in O'BomberCare which is sure to get them to expand and hire the unemployed.

Health care law's massive, hidden tax change
By Neil deMause, contributing writer
May 5, 2010: 11:00 PM ET

NEW YORK (CNNMoney.com) -- An all-but-overlooked provision of the health reform law is threatening to swamp U.S. businesses with a flood of new tax paperwork.

Section 9006 of the health care bill -- just a few lines buried in the 2,409-page document -- mandates that beginning in 2012 all companies will have to issue 1099 tax forms not just to contract workers but to any individual or corporation from which they buy more than $600 in goods or services in a tax year.
http://money.cnn.com/2010/05/05/smallbusiness/1099_health_care_tax_change/

As the birdbrained Speaker of the House Nancy Pee-Lousy said...We're going to have to pass O'BomberCare before we can find out what's in it.

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katatonic
Knowflake

Posts: 5325
From:
Registered: Apr 2009

posted September 30, 2010 12:50 PM     Click Here to See the Profile for katatonic     Edit/Delete Message
funny i thought that was already the law according to the IRS...not that anyone bothers to comply! in fact i had a tax accountant suggest this to me years ago. that EVERYONE who pays me more than $600 a year should give me a 1099, business or not.

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jwhop
Knowflake

Posts: 2340
From: Madeira Beach, FL USA
Registered: Apr 2009

posted October 06, 2010 10:25 AM     Click Here to See the Profile for jwhop     Edit/Delete Message
Received E-Mail

SURPRISE!

Sales Tax on selling your house in 2013

Another Obama Nightmare

Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?
That's $3,800 on a $100,000 home etc.
When did this happen? It's in the healthcare bill.

Just thought you should know.

SALES TAX TO GO INTO EFFECT 2013 (Part of HC Bill)

REAL ESTATE SALES TAX

So, this is "change you can believe in"?
Under the new health care bill - did
you know that all real estate transactions will be subject to a 3.8%
Sales Tax? The bulk of these new taxes don't
kick in until 2013 (presumably after Obama's re-election).

You can thank Nancy, Harry and Barack and your local Democrat Congressman for this one. If you sell your $400,000 home, there will be a $15,200 tax. This bill is set to screw anyone selling their home and the retiring generation who often downsize their homes.

Is this Hope & Change great or what?
Does this stuff makes your November and 2012 votes more important?
Oh, you weren't aware this was in the Obama bill?

Guess what, you aren't alone. There are more than a few members of Congress that aren't aware of it either
(result of clandestine midnight voting for huge bills they've never read). AND,
there are a few other surprises lurking.

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katatonic
Knowflake

Posts: 5325
From:
Registered: Apr 2009

posted October 06, 2010 11:02 AM     Click Here to See the Profile for katatonic     Edit/Delete Message
this is as opposed to the capital gains tax you used to pay, right? which was a good deal steeper than 3.8% as i recall. care to reference the part of the bill where that can be found? or is this hearsay?

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jwhop
Knowflake

Posts: 2340
From: Madeira Beach, FL USA
Registered: Apr 2009

posted October 06, 2010 12:10 PM     Click Here to See the Profile for jwhop     Edit/Delete Message
Oh, it's just hearsay katatonic.

Everyone knows O'BomberCare is going to lower insurance rates for all, provide better health care for all, bend the cost curve for health care down, save Trillions for Americans and the government, cut unemployment and provide FREE health care for all.

Everyone knows if you like your current health insurance plan and/or your current doctor...then you can keep both of them.

Everyone knows all this because O'Bomber and his Comrades in the Congress said it's so; just like everyone knows O'Bomber promised that those making less than $250,000 per year wouldn't have their taxes raised a single dime...any of their federal taxes.

OBAMACARE'S HEAVY TOLLPosted by Kathryn McEwen on October 1, 2010 at 3:59am in I resist Universal Healthcare!
Back to I resist Universal Healthcare! Discussions
Health law’s heavy impactPaul Guppy Special to The Spokesman-Review
March 28, 2010 in Opinion


In the days leading up to the dramatic late-night vote on President Barack Obama’s health plan, Speaker Nancy Pelosi said, “We have to pass the bill so that you can find out what is in it …” Now that ObamaCare has passed, it is slowly dawning on people what the new law means for the country and for Washington state.

ObamaCare sweeps away a host of state regulations and permanently alters our state’s insurance market. From now on, the federal government will manage the health care of all Washingtonians. The 2,700-page law contains a complex web of mandates, directives, price controls, tax increases and subsidies.

Federal officials will now decide what kind of insurance people in Washington must have, what medicines will be covered, what treatments are allowed and which are not. Early reports indicate, however, that President Obama, Vice President Biden, the Cabinet, senior members of Congress and leadership staff are exempt.

The new law falls well short of universal coverage. ObamaCare will leave about 6 percent of Washington residents without coverage. The measure is conservatively expected to cost $2.4 trillion in its first full decade. Thousands of older Washingtonians will lose their Medicare Advantage coverage, and the state’s 120,000 Health Savings Account holders may need to buy new policies or face stiff penalties.

Washington residents will begin paying ObamaCare taxes this year, while most benefits don’t start until 2014. The law includes some 19 new taxes. Here’s a rundown of what Washingtonians can expect in the coming years.

Penalties on individuals. Individuals will pay a yearly penalty of $695, or up to 2.5 percent of their annual income, if they cannot show they have purchased a government-approved health policy.

Penalties on families. Families will pay a yearly penalty of $347 per child, up to $2,250 per family, if parents cannot show they have purchased a government- approved policy.

Penalties on employers. Business owners with more than 50 employees must buy government- acceptable health coverage or pay a yearly penalty of $2,000 per employee if at least one employee receives a tax credit.

Tax on investment income. ObamaCare imposes a 3.8 percent annual tax on investment income of individuals making $200,000 or more and on families making $250,000 or more. The new tax is not indexed to inflation, so more people will fall under it each year. Seniors on fixed incomes and people with IRAs and 401(k) plans will be hit particularly hard.

Tax on “Cadillac” health plans. Starting in 2018, imposes a 40 percent annual tax on health care plans valued at $10,200 for individuals and $27,500 for families.

Medicare tax increase. Requires single people earning $200,000 or more and couples earning $250,000 or more to pay an additional 0.9 percent in Medicare taxes.

Tax on Home Sales. Imposes a 3.8 percent tax on home sales and other real estate transactions. Middle-income people must pay the full tax even if they are “rich” for only one day – the day they sell their house and buy a new one.

Tax on medical aid devices. Creates a new 2.9 percent tax on medical aid devices. Certain items intended for personal use are exempt.

Tax on tanning. Imposes a 10 percent tax on services at tanning salons. Business owners will collect the tax from customers and send it to the federal government. This appears to be the first federal sales tax in the United States.

ObamaCare will be enforced by the Internal Revenue Service. The tax agency plans to hire 16,500 new auditors, agents and investigators, and to increase enforcement audits. The IRS can confiscate tax refunds, place liens on property and seek jail time if health-related penalties and taxes are not paid.

President Obama had said people could keep their coverage if they want, yet the Congressional Budget Office estimates that under ObamaCare 8 million to 9 million people will lose their employer-provided coverage.

The ObamaCare law passed over bipartisan opposition in Congress. Republicans say they will run on a “repeal and replace” platform this fall, and Washington has joined 12 other states in a lawsuit challenging the federal government’s power to force state residents to buy a product – insurance – from private companies. The long-term prospects of ObamaCare are unclear. In the meantime, Washingtonians should prepare for major changes in their tax burden...

Paul Guppy is vice president for research at the Washington Policy Center, a research organization with offices in Spokane, Seattle, Olympia and the Tri-Cities (www.washingtonpolicy.org).

SOURCE: The Spokesman-
http://www.resistnet.com/group/iresistuniversalhealthcare/forum /topics/obamacares-heavy-toll?xg_source=activity

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