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It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments

 
christian
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12/04/2012 11:14 PM

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It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
The 3.8 percent surtax on investment income, meant to help pay for healthcare, goes into effect in 2013. It is the first surtax to be applied to capital gains and dividend income. The tax affects only individuals with more than $200,000 in modified adjusted gross income (MAGI), and married couples filing jointly with more than $250,000 of MAGI.

The tax applies to a broad range of investment securities ranging from stocks and bonds to commodity securities and specialized derivatives.

The 159 pages of rules spell out when the tax applies to trusts and annuities, as well as to individual securities traders.

Released late on Friday, the new regulations include a 0.9 percent healthcare tax on wages for high-income individuals.

Both sets of rules will be published on Wednesday in the Federal Register.

The proposed rules are effective starting January 1. Before making the rules final, the IRS will take public comments and hold hearings in April.

Together, the two taxes are estimated to raise $317.7 billion over 10 years, according to a Joint Committee on Taxation analysis released in June.

To illustrate when the tax applies, the IRS offered an example of a taxpayer filing as a single individual who makes $180,000 in wage income plus $90,000 from investment income. The individual’s modified adjusted gross income is $270,000.


[link to www.nowtheendbegins.com]
Susie

For where your treasure is, there your heart will be also.....Matthew 6:21
christian (OP)
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12/04/2012 11:16 PM

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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
So companies will just drop Health Insurance for there employees..

I know 5 people who have already lost there Employee Health Coverage because of Obamacare...


The 3.8 percent tax applies to the $70,000, and the individual would pay $2,660 in surtaxes, the IRS said. The IRS plans to release a new form for taxpayers to fill out for this tax when filing 2013 returns.

The new rules leave some questions unanswered, tax experts said. It was unclear how rental income will be treated under the new rules, said Michael Grace, managing director at Milbank, Tweed, Hadley & McCloy LLP law firm in Washington.
Susie

For where your treasure is, there your heart will be also.....Matthew 6:21
Anonymous Coward
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12/04/2012 11:18 PM
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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
I think they can afford it if they are making greater than 200 grand a year..lol
Anonymous Coward
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12/04/2012 11:22 PM
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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
Don't get me wrong, I can't stand the government. They are taxing the working person at about 40% at least right now. The more you work, the more they take. Probably actually more than 40% when you add all the other taxes...property, state, gas, sales, etc. They need to be taken out.
christian (OP)
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12/04/2012 11:23 PM

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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
I think they can afford it if they are making greater than 200 grand a year..lol
 Quoting: Anonymous Coward 28999201


Yes but you will pay if you make 70,000, that is like an extra 220.00 a month out of your own pocket..
Susie

For where your treasure is, there your heart will be also.....Matthew 6:21
Burt Gummer

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12/04/2012 11:23 PM

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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
I think they can afford it if they are making greater than 200 grand a year..lol
 Quoting: Anonymous Coward 28999201


That includes small businesses too you moron.
Only idiots like you don't realize that.


obammytax2

Last Edited by Useless Cookie Eater on 12/04/2012 11:24 PM
christian (OP)
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12/04/2012 11:24 PM

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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
Don't get me wrong, I can't stand the government. They are taxing the working person at about 40% at least right now. The more you work, the more they take. Probably actually more than 40% when you add all the other taxes...property, state, gas, sales, etc. They need to be taken out.
 Quoting: Anonymous Coward 28999201


They are trying to make the USA 3rd world....
Susie

For where your treasure is, there your heart will be also.....Matthew 6:21
christian (OP)
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12/04/2012 11:28 PM

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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
I think they can afford it if they are making greater than 200 grand a year..lol
 Quoting: Anonymous Coward 28999201


That includes small businesses too you moron.
Only idiots like you don't realize that.


obammytax2
 Quoting: Burt Gummer


Exactly!

I know people who have lost there health coverage, and suggest they buy Medical Insurance on there own....

That means affordable health say like Kaiser wants 500.00 a month with a 5,000.00 deductible when your employer has dropped Medical Insurance along with your yearly salary....
Susie

For where your treasure is, there your heart will be also.....Matthew 6:21
Burt Gummer

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12/04/2012 11:32 PM

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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
I think they can afford it if they are making greater than 200 grand a year..lol
 Quoting: Anonymous Coward 28999201


That includes small businesses too you moron.
Only idiots like you don't realize that.


obammytax2
 Quoting: Burt Gummer


Exactly!

I know people who have lost there health coverage, and suggest they buy Medical Insurance on there own....

That means affordable health say like Kaiser wants 500.00 a month with a 5,000.00 deductible when your employer has dropped Medical Insurance along with your yearly salary....
 Quoting: christian


Joe The Plumber called it 100% correctly in 2007...stupid sheep didn't listen.

socialst

christian (OP)
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12/04/2012 11:39 PM

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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
Obama lied to Joe the Plumber he says most Small Business make under 250K? REALLY ..WHO? The Babysitter across the street?

What Small business does not generate at least 250K? these are the companies that are dropping health insurance to there employees altogether...

O is a dope..yet he was elected...Go figure...
Susie

For where your treasure is, there your heart will be also.....Matthew 6:21
i am just warming up
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01/25/2013 03:17 AM
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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
every american needs to get their fat ass off the couch grab a kitchen knife, baseball bat, gun, hatchet,hammer,frying pan, belt, pool ball in a sock whatever and get to washington dc asap. (bus, train, car, walk, hitchhike)

once WE THE PEOPLE are all present we the people will retake this country back in a bloody coup. If cops and soldiers die protecting these warlords in washington dc

who cares?

they are the enemy


the clock is ticking.....the american people need to wake the hell up. in 10-15 years you all we be enslaved


wake the fuck up!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!​!!!!!!!!!!!!!!!!!!
Anonymous Coward
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01/25/2013 03:24 AM
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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
My CPA told my husband and I that people are going to be very surprised when they file their 2012 taxes and are expecting large refunds. He talked about all these new laws that went into place with Obamacare and told us that individuals and businesses alike are going to notice a decrease in their refunds.

Everything seems to be at the point of going down hill. Payroll tax increases, income tax refund decreases combined with food prices going sky high is going to really hurt a lot of people.
CeeLite
>>Haida Gwaii

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01/25/2013 03:27 AM

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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
Thanks for this thread:)

Last Edited by CeeLite on 01/25/2013 12:58 PM
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CeeLite
>>Haida Gwaii

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01/25/2013 12:56 PM

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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
bump
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Anonymous Coward
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01/25/2013 01:03 PM
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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
Obama...the bait and switch President. The american people are the bait and switch suckers of all time. No one else on this planet is as stupid as the american people.

.
CeeLite
>>Haida Gwaii

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01/25/2013 01:28 PM

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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
Searched just now and found this:

"Full List of Obamacare Tax Hikes" from US House Rep Jeff Duncan
[link to jeffduncan.house.gov]
"WASHINGTON, DC -- Obamacare contains 20 new or higher taxes on American families and small businesses. Arranged by their respective sizes according to CBO scores, below is the total list of all $500 billion-plus in tax hikes (over the next ten years) in Obamacare, their effective dates, and where to find them in the bill."

Last Edited by CeeLite on 01/25/2013 01:29 PM
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>>Haida Gwaii

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01/25/2013 01:38 PM

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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
A quick glance at it it looks like it doesn't affect people earning under 200,000.
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CeeLite
>>Haida Gwaii

User ID: 32527919
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01/25/2013 01:40 PM

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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
People were complaing about "ObamaCare" in payroll tax increase thread yesterday, saying they got way more than a 2 percent increase in ss withholding taken out. Here are the specifics...(above)

Last Edited by CeeLite on 01/25/2013 01:44 PM
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Neo1

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01/27/2013 06:54 PM
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Re: It's starting:Obama And IRS Release 159 Pages Of New Obamacare Tax Punishments
Use federal reserve notes and incur an Irrecusable obligation. The puzzle is complete!!!
A Banksters defeatism (realization of defeat) nightmare, Being forced to Return to Real Money=United States Note=Lawful Money, Use the Remedy within the Federal Reserve Act. Redeemed 12USC411, Refusal Penalty 12USC501a [link to savingtosuitorsclub.net] Stop being a Slave!!!!!! This is Tax Free Money!!!!!! [link to stormthunder.com]
Convincing Congress to Abolish the Fed [link to www.silverbearcafe.com]
Irrecusable obligation, which according to 'Bouvier's Law Dictionary' (1914 ed.), is "a term used to indicate a certain class of contractual obligations recognized by the law which are imposed upon a person without his consent and without regard to any act of his own." This is distinguished from a recusable obligation, which according to Bouvier, arises from a voluntary act by which one incurs the obligation imposed by the operation of law. The Income Tax succinctly described is an irrecusable obligation.
The obligation to make a return of income for using private credit is recognized in law as an irrecusable obligation. The voluntary use of private credit is the condition precedent, which imposes the irrecusable obligation to file a tax return. If private credit is not used or rejected, then the operation of law, which imposes the irrecusable obligation lies dormant and cannot apply.

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