At Forbes.com, Grace-Marie Turner summarizes the new taxes imposed by Obamacare:
- Medical Device Tax
- A new Surtax on Investment Income
- A new Medicare Tax
- The new Flexible Spending Account Tax
- ObamaCare also tightens the screws on Itemized Medical Deductions
Many more taxes are coming, including a “tax penalties” for individuals and businesses who don’t comply with ObamaCare’s mandate that they purchase government-approved health insurance. The Congressional Budget Office expects these penalties for non-compliance to bring in $160 billion in the first decade they are in effect.
ObamaCare’s $1 trillion in total tax increase hit everything from health insurers, drug companies, and tanning salons to Health Saving Accounts and – eventually – high-cost employer-based health insurance.
See also: “An Unhealthy Dose of Obamacare Taxes” at Reason.com.