Chart of the Week: Obamacare’s 17 New Taxes
Americans who feel overtaxed already are in store for a shocker: Obamacare will add 17 new taxes or penalties for a whopping cost of $502 billion over its first 10 years. This week’s chart illustrates the new taxes and offers a year-by-year rundown of their annual costs. These taxes will pay for generous subsidies, an expansion of Medicare and new government spending. A notable jump in Obamacare taxes comes in 2013, a result of Medicare Hospital Insurance tax and an increase in taxes on investment income for high-income earners. “If … More
