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Written by Repeal It Now on August 20, 2011, 08:44 AM
These are all new taxes starting in less than 5 months. Some take full effect by 2014.
This list does not include anticipated increases in insurance premiums or actual health care.
New tax on individuals who do not purchase government-approved
health insurance. $17 Billion
New tax on employers who fail to fully comply with government health
insurance mandates. $52 Billion
New 40% excise tax on certain high-cost health plans. $32 Billion
New ban on the purchase of over-the-counter drugs using funds from
FSAs, HSAs and HRAs. $5 Billion
Increase the Medicare tax on wages and self-employment income by
0.9% and impose a new 3.8% surtax on certain investment income (for
individuals over $200,000 and couples over $250,000). $210.2 Billion
Increase, from 7.5% to 10% of income, the threshold after which
individuals can deduct out of pocket medical expenses. $15.2 Billion
Impose a new $2,500 annual cap on FSA contributions. $13 Billion
New annual tax on health insurance $60.1Billion
New annual tax on brand name pharmaceuticals. $27 Billion
New 2.3% excise tax on certain medical devices. $20 Billion
New 10% tax on indoor UV tanning services. $2.7 Billion
New tax on insured and self-insured health plans. $2.6 Billion
Double the penalty for non-qualified HSA distributions. $1.4 Billion
Eliminate the deduction for expenses allocable to Medicare Part D
Subsidy. $4.5 Billion
Limit the deduction for compensation to officers, employees and
directors of certain health insurance providers $0.6 Billion
We have not listed them all. Remember, any tax imposed on medical device makers or
pharmaceutical companies is just passed on to the consumer as another cost of doing business.
In fact pharmaceutical companies have already begun to double and more,
the cost of their drugs in anticipation of the new tax starting in January.
Written by Repeal It Now on August 20, 2011, 08:44 AM
These are all new taxes starting in less than 5 months. Some take full effect by 2014.
This list does not include anticipated increases in insurance premiums or actual health care.
New tax on individuals who do not purchase government-approved
health insurance. $17 Billion
New tax on employers who fail to fully comply with government health
insurance mandates. $52 Billion
New 40% excise tax on certain high-cost health plans. $32 Billion
New ban on the purchase of over-the-counter drugs using funds from
FSAs, HSAs and HRAs. $5 Billion
Increase the Medicare tax on wages and self-employment income by
0.9% and impose a new 3.8% surtax on certain investment income (for
individuals over $200,000 and couples over $250,000). $210.2 Billion
Increase, from 7.5% to 10% of income, the threshold after which
individuals can deduct out of pocket medical expenses. $15.2 Billion
Impose a new $2,500 annual cap on FSA contributions. $13 Billion
New annual tax on health insurance $60.1Billion
New annual tax on brand name pharmaceuticals. $27 Billion
New 2.3% excise tax on certain medical devices. $20 Billion
New 10% tax on indoor UV tanning services. $2.7 Billion
New tax on insured and self-insured health plans. $2.6 Billion
Double the penalty for non-qualified HSA distributions. $1.4 Billion
Eliminate the deduction for expenses allocable to Medicare Part D
Subsidy. $4.5 Billion
Limit the deduction for compensation to officers, employees and
directors of certain health insurance providers $0.6 Billion
We have not listed them all. Remember, any tax imposed on medical device makers or
pharmaceutical companies is just passed on to the consumer as another cost of doing business.
In fact pharmaceutical companies have already begun to double and more,
the cost of their drugs in anticipation of the new tax starting in January.
http://republicans.waysandmeans.house.gov/UploadedFiles/DemTaxIncreases1.pdf
These are all new taxes starting in less than 5 months. Some take full effect by 2014.
This list does not include anticipated increases in insurance premiums or actual health care.
New tax on individuals who do not purchase government-approved
health insurance. $17 Billion
New tax on employers who fail to fully comply with government health
insurance mandates. $52 Billion
New 40% excise tax on certain high-cost health plans. $32 Billion
New ban on the purchase of over-the-counter drugs using funds from
FSAs, HSAs and HRAs. $5 Billion
Increase the Medicare tax on wages and self-employment income by
0.9% and impose a new 3.8% surtax on certain investment income (for
individuals over $200,000 and couples over $250,000). $210.2 Billion
Increase, from 7.5% to 10% of income, the threshold after which
individuals can deduct out of pocket medical expenses. $15.2 Billion
Impose a new $2,500 annual cap on FSA contributions. $13 Billion
New annual tax on health insurance $60.1Billion
New annual tax on brand name pharmaceuticals. $27 Billion
New 2.3% excise tax on certain medical devices. $20 Billion
New 10% tax on indoor UV tanning services. $2.7 Billion
New tax on insured and self-insured health plans. $2.6 Billion
Double the penalty for non-qualified HSA distributions. $1.4 Billion
Eliminate the deduction for expenses allocable to Medicare Part D
Subsidy. $4.5 Billion
Limit the deduction for compensation to officers, employees and
directors of certain health insurance providers $0.6 Billion
We have not listed them all. Remember, any tax imposed on medical device makers or
pharmaceutical companies is just passed on to the consumer as another cost of doing business.
In fact pharmaceutical companies have already begun to double and more,
the cost of their drugs in anticipation of the new tax starting in January.
Written by Repeal It Now on August 20, 2011, 08:44 AM
These are all new taxes starting in less than 5 months. Some take full effect by 2014.
This list does not include anticipated increases in insurance premiums or actual health care.
New tax on individuals who do not purchase government-approved
health insurance. $17 Billion
New tax on employers who fail to fully comply with government health
insurance mandates. $52 Billion
New 40% excise tax on certain high-cost health plans. $32 Billion
New ban on the purchase of over-the-counter drugs using funds from
FSAs, HSAs and HRAs. $5 Billion
Increase the Medicare tax on wages and self-employment income by
0.9% and impose a new 3.8% surtax on certain investment income (for
individuals over $200,000 and couples over $250,000). $210.2 Billion
Increase, from 7.5% to 10% of income, the threshold after which
individuals can deduct out of pocket medical expenses. $15.2 Billion
Impose a new $2,500 annual cap on FSA contributions. $13 Billion
New annual tax on health insurance $60.1Billion
New annual tax on brand name pharmaceuticals. $27 Billion
New 2.3% excise tax on certain medical devices. $20 Billion
New 10% tax on indoor UV tanning services. $2.7 Billion
New tax on insured and self-insured health plans. $2.6 Billion
Double the penalty for non-qualified HSA distributions. $1.4 Billion
Eliminate the deduction for expenses allocable to Medicare Part D
Subsidy. $4.5 Billion
Limit the deduction for compensation to officers, employees and
directors of certain health insurance providers $0.6 Billion
We have not listed them all. Remember, any tax imposed on medical device makers or
pharmaceutical companies is just passed on to the consumer as another cost of doing business.
In fact pharmaceutical companies have already begun to double and more,
the cost of their drugs in anticipation of the new tax starting in January.
http://republicans.waysandmeans.house.gov/UploadedFiles/DemTaxIncreases1.pdf