New Taxes For Me To Pay For Free Healthcare For Thee

Drudge has this from Reuters:

The Internal Revenue Service has released new rules for investment income taxes on capital gains and dividends earned by high-income individuals that passed Congress as part of the 2010 healthcare reform law.

The 3.8 percent surtax on investment income, meant to help pay for healthcare, goes into effect in 2013. It is the first surtax to be applied to capital gains and dividend income.

The tax affects only individuals with more than $200,000 in modified adjusted gross income (MAGI), and married couples filing jointly with more than $250,000 of MAGI.

The tax applies to a broad range of investment securities ranging from stocks and bonds to commodity securities and specialized derivatives.

The 159 pages of rules spell out when the tax applies to trusts and annuities, as well as to individual securities traders.

Released late on Friday, the new regulations include a 0.9 percent healthcare tax on wages for high-income individuals.

Notice who pays – Obama’s mythical “rich”.

I’ll expect a thank you card from everybody for paying for your “free” healthcare.

20 thoughts on “New Taxes For Me To Pay For Free Healthcare For Thee

  1. Well, you didn’t think the Free Shit Army was going to pay for any of this now did you? 🙂

    Of course, ultimately they will pay too … and I will be around waiting to laugh at folks like Greg over there.

  2. All the Money collected isn’t even going into Health Care it’s going to new Bureaucracies and Government agents.

    ObamaCare is only about forcing people to Buy insurance products and Funding the Gov’t to oversee it. That and IPAB rationing of what actual Healthcare is left……….

  3. It troubles me greatly that not one of these genuises has thought about the fact that whenever the supply of cash available to pay for a good or service increases, the cost of that good or service increases until the funds available to pay for it tightens. The answer to all of the problems in our health care system isn’t adding a bigger pot of money and more layers of bureaucracy — it’s lessening and simplifying the regulations and enabling a marketplace where people can negotiate the prices they will pay for medical services and goods. Market prices will adjust to the amount of money that is available. This is Economics 101, for mercy’s sake. — Kelly

    • Kelly, these people are in fact geniuses. This has never been about providing better care for everyone. It’s always been about the extension of government control, and redistribution of wealth.

      Had it been about providing better healthcare, tort reform would have been addressed.

      • Augger,

        If this were about addressing the cost of healthcare, it would also be about “insurance” reform.

        I have GREAT care, and it costs me less than $100/month. I have a GOOD CAT plan, and then shopped around to find a GREAT Nurse Practitioner who will work with self-pay patients. I pay $45/visit plus meds and tests. Simple — and personally responsible, but now I am going to be FORCED — AGAINST MY WILL — to pay into something designed ONLY to redistribute wealth and provide govt. control over ALL aspects of my life.

        The Leftists are tyrants all — EVERY BLOODY ONE OF THEM!

    • Irish,

      They understand everything you just said. In fact, they have been trying to cause that collapse (ever hear of Cloward & Piven?) The idea is, if they can crash the current system, that will “prove” Capitalism is a “failed” idea and provide them the public support to FINALLY build their socialist utopia.

      It won’t work, but they do not see that (or care). They sincerely believe they can change reality through the force of their own will. And they can ignore that reality…for a while. But, sooner or later, if one ignores reality, one is eventually FORCED to face the result of ignoring reality.

      The sad part of this is that, when this bill comes due, ALL of us will pay for it.

  4. My comment is off-topic, but i’ll float it anyway.

    I notice that lefties point to benefits received when they are justifying policies. When I point out the costs of providing those benefits they have blank stares. It is as if the govt provides but doesn’t take. The cost is always negligible, or to be borne by someone else and therefore not to be considered.

    I wish schools would require a basic accounting class. A little double entry accounting logic would be good for people. You can’t have an asset without a corresponding liability of equity gain.

    • Jeff,

      the sad truth — and I mean truth because they openly said it was what they wanted to do — but the sad truth is our schools have been designed to make us stupid and to train us NOT to think.

      Why do you think the “elites” never send their kids to public school?

      • Yes. For that reason, I think that school vouchers would
        be a key tool in our long-term efforts to retake the culture. It would enable parents to redeploy their children into curriculums (sp?) that they approve of.

        • Agree 100 % !

          But until that happens we should all become informed and involvlved in our LOCAL shcool districts and what they are teaching……G Beck and others have sounded alarms about Agenda 21 items being tauaght Now !

          We have to have vouchers be a part of conservative/Gop candidates platforms going into the 2014 Midterms, BUT we can’t wait around til that happens, because this new Generation is being indoctrinated now and Action is required!

        • Jefferey,

          What if we just started an on-line school that parents can pay for monthly and allow their children to attend at home???

          That does everything we want. It:

          1 — provides a REAL education.

          2 — keeps our children away from the indoctrination and social engineering.

          3 — defunds the teacher’s unions.

          4 — if it spreads far enough, it could even undermine the federal education system.

          • The reality of that kind of thing is not far off. It seems to me teachers should be afraid of new technologies which might allow a best in class lecturer to be heard by millions of students instead of tens. Imagine if MIlton Friedman could be teaching economic notions to every fifth grader in the country. And Mark Levin could be delivering government lectures to every 11th grader.

            Seriously. I bet someone will make a fortune putting together just such a curriculum and delivery system. The key will be in getting it accepted by whatever school board must approve such things in every district/state around the country.

            How about that as a conservative mission/business enterprise proposal?

            • Uh oh. Now my imagination is running. Can you imagine putting together a series of 5 minute youtube videos of real small business persons presenting real dilemmas they face everyday in choosing to go left or right – as a guided type of business course. In other words, Mr Plumber is confronted with some new government regulation to deal with. He describes the implications to his business. We follow the permutations of his decisions as they play themselves out in pricing, wages, impact on workers lives, etc.

              If these could be collected and linked in a curriculum/primer form with objective commentary about cause and effect.

              …But alas, I keep having the false notion that people will care, use their brains, and learn…

    • You hit the nail on the head. If you never measure benefits, you can never calculate a cost/benefit ratio and if you can’t do that, you can justify continuing to throw money at anything.

      Just like the fiscal cliff – or any budget discussion – liberals always think that there is never enough revenue but will never discuss cost. In their minds, there is never a way to cut costs. They truly believe that all money belongs to government except for what they allow you to have.

    • Jeffrey, you may not realize exactly how spot on your argument is. I’ll give you some ammo to toss at your liberal friends …

      No one is looking at the 17 some odd states who have opt’d out leaving the Federal Government to float this exchange system they have written in to Obamacare … but they will be very soon. Why?

      The Federal Government planned on each and all states setting up their own exchanges (and thus paying for them). Now, the Federal Government will have to fund those exchanges, and that my friend, was not in their Obamacare budget. And guess where they have to get the appropriations to fund those exchanges?

      That’s right. The House of Representatives. And that’s going to go over well, isn’t it?

      Let your liberal buddies soak that in to their heads. 🙂

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