Thursday, August 13, 2009

Obamacare's tax hikes

Washington Times "The bill does contain new taxes -- plenty of them. Pages 167 and 168 impose an income tax of 2.5 percent on any individual who chooses not to buy government-approved health insurance. Pages 149-150 impose a tax of between 2 percent and 8 percent on the payrolls of all companies whose payrolls exceed $250,000. Pages 197 and 198 outline income tax surcharges to be imposed on individuals with incomes over $350,000, rising to a highest surcharge of 5.4 percent."

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