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Archive for the ‘ObamaCare’ Category

IRS is now in the insurance business…

Posted by taxguru on July 7, 2012

The tax man cometh to police you on health care –  A look at how IRS will be enforcing the rules of ObamaCare.  We will have to include our personal health insurance details on our 1040s so Big Brother can determine if we have to pay the new Penalty Tax.

 

From BlogComix2

Posted in IRS, ObamaCare | Comments Off on IRS is now in the insurance business…

Some of the new upcoming ObamaCare taxes

Posted by taxguru on July 6, 2012

The folks at TaxCoach recently prepared a client alert addressing some of the new taxes we will all have to deal with after last week’s insane ruling by John Roberts and the Supremes, including the following.

  • On January 1, 2013, the Medicare tax will go up by 0.9% for individuals earning over $200,000 ($250,000 for joint filers, $125,000 for married individuals filing separately).
  • Also on January 1, there will be a new “Unearned Income Medicare Contribution” of 3.8% on investment income, for those earning more than $200,000 ($250,000 for joint filers).
  • Beginning on January 1, 2014, there will be a new $2,500 limit on tax-free contributions to flexible spending accounts, and employers with more than 50 employees will face a penalty of $2,000 per employee for not offering health insurance to full-time employees.
  • The threshold for deducting medical and dental expenses rises from 7.5% of adjusted gross income to 10%. This will make these expenses even harder to deduct without help from advanced strategies like Health Savings Accounts or Medical Expense Reimbursement Plans.

TaxCoach Software: Are you giving your clients what they really want?

 

 

Posted in ObamaCare, TaxCoach, TaxHikes | Comments Off on Some of the new upcoming ObamaCare taxes

The New Fraudulent Tax

Posted by taxguru on July 1, 2012

It’s no surprise that the Dims have no shame or morals in their insatiable thirst for higher taxes.  What was surprising was the cooperation and assistance of a RINO Supreme Court Justice in foisting this monstrosity down our throats.

 

Posted in ObamaCare, TaxHikes, video | Comments Off on The New Fraudulent Tax

Big Brother is getting even bigger…

Posted by taxguru on July 1, 2012

SCOTUS Ruling Means Bigger, More Intrusive IRS –  What we’ve all been worrying would happen is taking place.

 

Posted in IRS, ObamaCare | Comments Off on Big Brother is getting even bigger…

Sickening new taxes…

Posted by taxguru on June 28, 2012

As if there weren’t already enough reasons to vote every dirty rotten DemonRat out of office this November, the Supremes do this to us.  Absolutely disgusting.

 

 

 

 

From Blog Pix

 

From BlogComix2

Posted in ObamaCare, TaxHikes | Comments Off on Sickening new taxes…

Posted by taxguru on June 15, 2012

GAO: IRS to Spend $881 Million in Implementing Obamacare Over Just Four Years – Just what we all wanted; more unconstitutional power for the IRS to control our very lives.

 

Posted in IRS, ObamaCare | Comments Off on

Why is IRS involved in our health care?

Posted by taxguru on April 10, 2012

 

From Blog Comix

 

Rush has been on a tear the past few days over the news that everyone’s favorite kind and compassionate Federal agency, the IRS, will be the chief enforcer of the new rules for the DemonRats’ socialized medicine scheme, aka ObamaCare. 

 

From Blog Pix

Transcript -What Does the IRS Know About Obamacare That We Don’t?

 

From Blog Pix

Transcript – Maybe Sen. McCaskill Can Tell Us Why We Need Thousands of IRS Agents to Provide Health Care

 

From Blog Pix

Transcript – Obamacare Has Nothing to Do With Health Care! It’s New Taxes and Tax Collection in 2,700 Pages

 

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