Carol, the dishonest poster would have us believe that the a surtax of 3.8% will take the rate on dividends from 15% to 43.8%New taxes under Obamacare:
A 3.8% surtax on dividends. Taxes on dividends will rise from 15% to 43.8%.
A 0.9% surtax on Medicare taxes - 1.45% to 2.35%.
Flexible Spending Account contributions will be capped at $2,500. If you have been socking away $10,000 in your FSA to pay medical bills, you'll have to cut that to $2,500.
The itemized-deduction for medical expenses is going up to 10% of adjusted gross income.
The penalty on non-medical withdrawals from Healthcare Savings Accounts is now 20% instead of 10%.
A tax of 10% on indoor tanning services. This has been in place for two years.
A 40% tax on "Cadillac Health Care Plans" starting in 2018. If your employer pays for all or most of your healthcare plan, you will have to pay a 40% tax on the amount your employer pays.
(The 2018 start date is said to have been a gift to unions which often have comprehensive plans.)
A "Medicine Cabinet Tax" eliminates the ability to pay for over-the-counter medicines from a pre-tax Flexible Spending Account started in January 2011.
A "penalty" tax for those who don't buy health insurance. This will phase in from 2014-2016. It will range from $695 per person to about $4,700 per person depending on your income.
A tax on medical devices costing more than $100. Starting in 2013, medical device manufacturers will have to pay a 2.3% excise tax on medical equipment. This is expected to raise the cost of medical procedures.
The big ones--the 3.8% investment income hike and the Medicare tax increase--only hit you if you're making more than $200,000 a year. The rest hit you no matter how much you're making.
Let it up to the liars at Heritage to misinformed the easily misinformable Carol.