“For the majority of American taxpayers in middle- and lower-income brackets, the American Taxpayer Relief Act will have a minimal effect on their wallets.Kelli Gill, Victoria Democratic Party chairwoman, said even though the legislation placed the majority of the tax burdens on the rich, she said the bill was fair for Americans overall."It really was a victory for middle class," Gill said. "I think it was a fair decision. I think it's patriotic for the rich to pay their fair share of taxes.”Obama care one of the fruits of that victory? Such as the new tooth tax.?With victories this who needs defeats?
\"Braces for the Kids Just Got More Expensive: Obamacare Tax Hike Case StudyIn 2013, the tax increases in Obamacare will increasingly conspire against kitchen-table family healthcare decisions.As just one example, below are some of the taxes that will impact the purchase of dental braces:Obamacare Medical Device Tax: As of Jan.1, Obamacare imposes a new tax of 2.3 percent on medical device manufacturers, including those who make dental braces. The tax is imposed on gross sales -- even if the company does not earn a profit in a given year. While the tax will be paid to the IRS by the manufacturer, the tax will be passed along as a higher cost of the product, ultimately to be borne by the parent buying the braces for their child. With the cost of braces being as high as $7,625 this new tax could raise the cost of these braces by $175.
A worker on minimum wage making say $15000 a year was paying 4% FICA or $600 Now Their FICA will be 6% or $900. You voted him in Get used to it.
ood job, VA, at making it seem like only the "rich" were taxed... For folks who read the rest of the news... see here. http://www.huffingtonpost.com/2013/01..."A person earning $50,000 will see roughly $1,000 less." Or, here... http://www.huffingtonpost.com/2013/01..."a worker who makes $15,000 a year -- roughly the salary of a full-time, minimum-wage worker in most states -- will pay an additional $300 in payroll taxes this year under the deal struck by Congress and the White House. "Reply • Like • Follow Post • Monday at 1:41pmhttp://www.nakedcapitalism.com/2013/0...
Shock day coming for workers seeing their first 2013 payroll check. Get ready it will be at lest 2% less. Plus increase in Mdedicare
Update: On Jan. 1, 2013, Congress passed the American Taxpayer Relief Act of 2012 (H.R. 8), signed into law the following day. The legislation does not include an extension of the 2 percent payroll tax cut of the Social Security (FICA) employee tax on the first $113,700 of wages. The employee-paid portion of the Social Security FICA tax increased on all wage earners from 4.2 percent to 6.2 percent beginning Jan. 1, 2013. The portion of the tax paid by employers remained at 6.2 percent of employee wages, for a total Social Security FICA tax of 12.4 percent. The Internal Revenue Service issued new tax withholding tables for employers. Instead of a raise, some employees will see their take-home pay shrink in 2013 due to higher Social Security and Medicare taxes