4.7 Million Middle Class Taxpayers Hit With Obamacare Tax

Wednesday, September 19th, 2012 and is filed under News, Obamacare, Taxes

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CBO just revised its report on the Obamacare individual mandate tax in light of the Supreme Court ruling.  It turns out that 6 million Americans will be subject to $7 billion in taxes in 2016.  Here’s the kicker: 4.7 million of those effected will have incomes below $60,000 for individuals and $123,000 for families of four.  So much for not raising taxes on the middle class.

Also, remember that this does not include the other taxes from Obamacare.  Every American who purchases a medical device – from a wheelchair to a dental crown – will pay much more due to the Obamacare tax on medical devices.  Some Americans who earn less than $200,000 receive what Obama refers to as “Cadillac insurance plans.”  They will be slapped with a 40% excise tax. [view the 17 tax increases embedded in Obamacare here]