Obama Surprise Taxes

Politics/Social Issues - Politics - General

By: goodselfme 02-Jul-2012

Introduction:

Don't read this list on an empty stomach because you will be feeling very ill if you do. These are some, only 5 of the hot tax hikes that are already in effect for Americans from the Obamacare tax increase.Something right there should tell you we needed have had to wait for the Supreme court to decide since these taxes have been levied already. If you did not get that message, read that again to get the full meaning of what is going on in the Republic known as America.

Taxes In Progress

Obama has created one of the largest tax increases in American History. I have not personally looked up these taxes, so your research is necessary to gain more info since just looking at these makes me sick. Not the hospital kind or Dr. condition sick, but disgusted.Nancy Pelosi wanted this to pass before too many people read it, which it why she said pass it and then read it when she talked to congress.The taxes mentioned in the Obamacare package began in 2010. Oh, you were not aware it has already begun to take money from American citizens? Yes,these taxes hit families and small businesses which total five hundred billion dollars over the next ten years.That is $500,000,000,000 in tax hikes.

Charitable Excise Tax on some Hospitals

If the charitable hospitals fail to meet new community health assessment needs,there will be a $50,000 per hospital tax. This is listed as financial assistance and billing and collection. You can find this detailed in HHS Bill: PPACA on page 1,961 to 1,971. You will need to sit down and focus on exactly what this excise tax will mean if you want to know all about this tax that has already taken effect in 2010. Almost all of the health care processes were started more than two years ago planning on the Obamacare package going through. If you ask at your doctor's office you will find out they have been redoing the computer systems to be compliant knowing Obamacare would be cemented into American way of life. Ask around and find out this is true.

Codification Explained In Obamacare

The author has completed a code list to explain in lay terms the specific labels of certain treatments and care anyone gets when they go to hospital, clinic, outpatient or doctor's office for health care.Please review this link here to fully grasp more information about codes after you have read this tax hike and want to know more honest information from a nurse who worked in the health care field for 44 years.
http://www.listmyfive.com/30de48fb/The-Top-Five-Medical-Billing-Code-Cost-Facts
Meanwhile back to the tax hike in place with Obamacare. This Codification of the economic substance doctrine allows the IRS to forbid completely legal deductions on taxes and other legal tax reductions plans just because the IRS says that action has no "substance". This is Bill Reconciliation Act; page 108 to 113. This tax has a price tag of $4.5 billion dollars.

Blue Cross Blue Shield Tax Hike

Now all major health insurance companies will be hiking their prices too. The extra work to transform all the necessary hoops to jump through Obamacare cost money.The computer software, the connections, the additional staff and paperwork the government is so well known for only highlight the reason the increase in almost all insurance service providers. You don't think they will be losing money on this Obamacare do you?Just so it did not hit the pocketbooks and wallets of citizens when Obamacare was passed, this.4 billion dollar hike went into effect in January 2010.It should be told that the special tax decuction in current law for Blue Cross and Blue Shield companies is permitted only if 85% or more of the revenues are spent on clinical services. Look this up in the Bill:PPACA page 2,004.

Tax Charges Tanning Services

Just when you think you could be alright with the higher taxes on the mogul insurance companies who can afford those tremendous hikes, just remember who ultimately pays for the taxes on those mega companies. Sure they take a huge chunk for CEO, assistant CEO, secretary to CEO, receptionist to the CEO and you know there are so many more lining their pockets so many will be rich from these taxes from American citizens, but there is more. Don't think for one moment that thought did not go into this tax hike when you hear there is already a tax on indoor tanning services.No little amount is placed on this selected service for yourself. Sit down when you read it is 2.7 billion as of July 2010. This is a new 10% excise tax levied on any Americans who use indoor tanning facilities.Look at this in the Bill PPACA: Page 2,397 to 2,399.You know the salons will be passing this tax onto the customers, don't you?

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hummingbirdee 7/2/2012
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There will probably be no end to the taxes, now. Thanks Justice Roberts. I am not happy to share a last name with him.