Top 10 Most Expensive Obamacare Taxes and Fees

Now that tax day has passed and we will be working for months to come to pay this years taxes, we are reminded of how big the federal government has become and how Obamacare is on track to makes things a lot worse.

The President’s health law will be partially paid for by tax increases and the creation of new taxes. When the law was passed, the Joint Committee on Taxation estimated that its tax hikes would total $502 billion over the next 10 years. 

However, most of the new, higher taxes were intentionally designed to kick in later in the decade producing an deliberate false cost number. When the full law is implemented, taxpayers will be paying far more than the either knowingly or ignorantly false estimated.

A new study by the Joint Economic Committee (JEC) has revealed that Obamacare will impose higher taxes totaling $4 trillion (That's $4,000,000,000,000) between now and 2035, with the most substantial hits falling on the shoulders of working Americans. That works out to more than $1.7 trillion over a decade, more than triple the original 10-year score.

The following are only 10 of Obamacare’s 18 tax increases. Hospital Insurance Tax - Mandate Penalties - Health Insurance Provider Fee - “Cadillac” Tax - Prescription Drug Fees - Ethanol Tax - Medical Device Tax - Business Regulation Costs - Reducing Medical Deductions - FSA Limits. The economic damage from these tax hikes is one of many reasons to repeal Obamacare and pass legislation that would sensibly reform the health care system. Read More

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