Should you pay the #obamacare tax? Crunch the numbers for yourself!
Here is a handy chart for individuals looking to calculate their Obamacare tax. I’m putting it up because there’s a bit of confusion out there over how much people can expect to be taxed. For example: the $95 or 1% rule is on taxable income, not total income. This means that you have to subtract $10K currently to determine how much the government will tax | Read More »
Obamacare is a tax on employment.
Postulated: If you wish to see more of something, you subsidize it; if you wish to see less of something, you tax it. I assume that we are all on board with this, yes? – After all, this has been a major point used to justify sin taxes for, well, my entire life. In other words… “tax it out of existence” is a sentiment that | Read More »
Your surprise ObamaCare taxes of the week
Wow, hey, whaddya know? Starting in 2014, your employer (and, by extension, you) will begin paying a fresh new $63 annual ObamaCare fee, to cover the extra cost of insuring other people’s pre-existing conditions. The Associated Press describes how this little “unexpected expense” popped out of recently unearthed regulations: The charge, buried in a recent regulation, works out to tens of millions of dollars for the | Read More »
RS Q&A: Gov. Bobby Jindal, on the Medicaid expansion.
I was on a conference call today with Governor Bobby Jindal and former Governor Tim Pawlenty; they are both currently on a bus tour of Pennsylvania and Ohio for the benefit of the Romney campaign. We had an opportunity to ask questions; and, seeing as these two states are both Republican-controlled (due at least in part to the 2010 backlash against Obamacare), I asked Governor | Read More »
Individual Mandate A Tax Or A Penalty
For conservatives, the debate over whether the individual mandate in ObamaCare is called a tax or a penalty has become a litmus test for the Romney campaign’s conservative credentials. It should not. Eric Fehrnstrom, Spokesman for Mitt Romney, said on MSNBC earlier this week that Romney “believes that what we put in place in Massachusetts was a penalty, and he disagrees with the court’s ruling that | Read More »
Repeat after me: THE OBAMACARE ‘MANDATE’ WAS ACTUALLY A TAX.
And that affects profoundly the question of how to get rid of it. Mickey Kaus is correct, and Ryan Lizza & David Frum are wrong on this: the only reason that Obamacare was not cast down was because the US Supreme Court decided 5-4 that the so-called ‘individual mandate’ was constitutional if it was considered to be a tax. The US Supreme Court also decided, | Read More »
The D.C. Smurfs
Cross-Posted: TobyToons.com (Conservative Political Cartoons)
“Amazon tax” takes Texas in the wrong direction.
I am pleased to bring to you this commentary by the Texas Public Policy Foundation’s own VP for Research, Bill Peacock, on the need to defeat the Texas “Amazon tax” that will be considered by the Texas House of Representatives on Thursday morning. RedState’s Erick Erickson was on the case of the “Amazon tax” back in mid-May, and since then, Neil Stevens has done yeoman’s | Read More »