Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Obamacare Finally Repealed

    Lobo
    Lobo
    Lobo
    Moderator
    Moderator


    Posts : 28411
    Join date : 2013-01-12
    • Post n°1

    Obamacare Finally Repealed Empty Obamacare Finally Repealed

    Post by Lobo Fri 05 May 2017, 12:57 pm

    Obamacare Finally Repealed TAX-CUT
    The American Health Care Act (HR 1628) finally passed by the House yesterday reducing taxes on the American people by over $1 trillion. The bill abolishes the most abusive taxes imposed by Obama and the Democrat party back in 2010 known as Obamacare. The Democrats helped the insurance companies and burdened the youth trying to force them to pay for insurance they did not need to get insurance companies to cover people they would not.
    Obama as a presidential candidate back in 2008, had promised repeatedly that he would NOT raise any tax on any American earning less than $250,000 per year. That was an outright lie. As always, they claim they will only tax the rich, but it never ends up that way.
    Obamacare Finally Repealed Antonin-ScaliaIn KING v. BURWELL, 576 US –  (2015), the Supreme Court upheld Obamacare claiming it was a tax. There was no constitutional power for Congress to punish someone who did not buy health insurance. The only way to uphold such a power was under the taxing powers. Justice Scalia wrote in his dessenting opinion:
    The Act that Congresspassed provides that every individual “shall” maintain insurance or else pay a “penalty.” 26 U. S. C. §5000A. This Court, however, saw that the Commerce Clause does not authorize a federal mandate to buy health insurance. So it rewrote the mandate-cum-penalty as a tax.
    With the repeal of Obamacare, tens of millions of middle income Americans will get tax relief from Obamacare’s long list of tax hikes that have oppressed so many. The taxes that will be abolished are:

    1. The Obamacare Individual Mandate Tax which hits 8 million Americans each year.
    2. The Obamacare Employer Mandate Tax Together with repeal of the Individual Mandate Tax repeal this is a $270 billion tax cut.
    3. Obamacare’s HSA withdrawal tax. This is a $100 million tax cut.
    4. Obamacare’s 10% excise tax on small businesses with indoor tanning services. This is a $600 million tax cut.
    5. The Obamacare health insurance tax. This is a $145 billion tax cut.
    6. The Obamacare 3.8% surtax on investment income. This is a $172 billion tax cut.
    7. The Obamacare medical device tax. This is a $20 billion tax cut.
    8. The Obamacare tax on prescription medicine. This is a $28 billion tax cut.
    9. Obamacare’s Medicine Cabinet Tax which hits 20 million Americans with Health Savings Accounts and 30 million Americans with Flexible Spending Accounts. This is a $6 billion tax cut.
    10. Obamacare’s Flexible Spending Account tax on 30 million Americans. This is a $20 billion tax cut.
    11. Obamacare’s Chronic Care Tax on 10 million Americans with high out of pocket medical expenses. This is a $126 billion tax cut.
    12. The Obamacare tax on retiree prescription drug coverage. This is a $2 billion tax cut.

    https://www.armstrongeconomics.com/world-news/taxes/obamacare-finally-repealed/
    • Back to top
      Current date/time is Fri 13 Dec 2024, 3:01 am