The next American Century- Republican primary over

peacefrompaul

gimmesometruth27 wrote:

ComeToTX wrote:

This should be Romney's new tag line:

Who Needs Healthcare If The President Has Magic Underwear?

or

"marriage should be between one man, and as many women as he would like..."

I'm not going to judge

Newch91

peacefrompaul wrote:

gimmesometruth27 wrote:

ComeToTX wrote:

This should be Romney's new tag line:

Who Needs Healthcare If The President Has Magic Underwear?

or

"marriage should be between one man, and as many women as he would like..."

I'm not going to judge

His grandfather had like 5 wives, I think.

peacefrompaul

Newch91 wrote:

His grandfather had like 5 wives, I think.

What a player...

usamamasan1

no we are talking

peacefrompaul

usamamasan1 wrote:

no we are talking

usamamasan1

Repeal and replace!

Full List of Obamacare Tax Hikes
Thursday, June 28, 2012 3:28 PM | Ryan Ellis and John Kartch (Twitter: @Taxplaya and @JohnKartch)

Obamacare law contains 20 new or higher taxes on American families and small businesses

Taxpayers are reminded that the President’s healthcare law is one of the largest tax increases in American history.

Obamacare contains 20 new or higher taxes on American families and small businesses.

Arranged by their respective effective dates, below is the total list of all $500 billion-plus in tax hikes (over the next ten years) in Obamacare, where to find them in the bill, and how much your taxes are scheduled to go up as of today:

Taxes that took effect in 2010:

1. Excise Tax on Charitable Hospitals (Min$/immediate): $50,000 per hospital if they fail to meet new "community health assessment needs," "financial assistance," and "billing and collection" rules set by HHS. Bill: PPACA; Page: 1,961-1,971

2. Codification of the “economic substance doctrine” (Tax hike of $4.5 billion). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113

3. “Black liquor” tax hike (Tax hike of $23.6 billion). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105

4. Tax on Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980

5. Blue Cross/Blue Shield Tax Hike ($0.4 bil/Jan 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services. Bill: PPACA; Page: 2,004

6. Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399

Taxes that took effect in 2011:

7. Medicine Cabinet Tax ($5 bil/Jan 2011): Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin). Bill: PPACA; Page: 1,957-1,959

8. HSA Withdrawal Tax Hike ($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent. Bill: PPACA; Page: 1,959

Tax that took effect in 2012:

9. Employer Reporting of Insurance on W-2 (Min$/Jan 2012): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957

Taxes that take effect in 2013:

10. Surtax on Investment Income ($123 billion/Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93


Capital Gains
Dividends
Other*

2012
15%
15%
35%

2013+
23.8%
43.4%
43.4%



*Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens.

11. Hike in Medicare Payroll Tax ($86.8 bil/Jan 2013): Current law and changes:


First $200,000
($250,000 Married)
Employer/Employee
All Remaining Wages
Employer/Employee

Current Law
1.45%/1.45%
2.9% self-employed
1.45%/1.45%
2.9% self-employed

Obamacare Tax Hike
1.45%/1.45%
2.9% self-employed
1.45%/2.35%
3.8% self-employed



Bill: PPACA, Reconciliation Act; Page: 2000-2003; 87-93

12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for <$100. Bill: PPACA; Page: 1,980-1,986

13. Raise "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI ($15.2 bil/Jan 2013): Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI. Waived for 65+ taxpayers in 2013-2016 only. Bill: PPACA; Page: 1,994-1,995

14. Flexible Spending Account Cap – aka “Special Needs Kids Tax” ($13 bil/Jan 2013): Imposes cap on FSAs of $2500 (now unlimited). Indexed to inflation after 2013. There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. Bill: PPACA; Page: 2,388-2,389

15. Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D ($4.5 bil/Jan 2013) Bill: PPACA; Page: 1,994

16. $500,000 Annual Executive Compensation Limit for Health Insurance Executives ($0.6 bil/Jan 2013). Bill: PPACA; Page: 1,995-2,000

Taxes that take effect in 2014:

17. Individual Mandate Excise Tax (Jan 2014): Starting in 2014, anyone not buying “qualifying” health insurance must pay an income surtax according to the higher of the following


1 Adult
2 Adults
3+ Adults

2014
1% AGI/$95
1% AGI/$190
1% AGI/$285

2015
2% AGI/$325
2% AGI/$650
2% AGI/$975

2016 +
2.5% AGI/$695
2.5% AGI/$1390
2.5% AGI/$2085



Exemptions for religious objectors, undocumented immigrants, prisoners, those earning less than the poverty line, members of Indian tribes, and hardship cases (determined by HHS). Bill: PPACA; Page: 317-337

18. Employer Mandate Tax (Jan 2014): If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for all full-time employees. Applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer). Bill: PPACA; Page: 345-346

Combined score of individual and employer mandate tax penalty: $65 billion/10 years

19. Tax on Health Insurers ($60.1 bil/Jan 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2018. Fully-imposed on firms with $50 million in profits. Bill: PPACA; Page: 1,986-1,993

Taxes that take effect in 2018:

20. Excise Tax on Comprehensive Health Insurance Plans ($32 bil/Jan 2018): Starting in 2018, new 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). Higher threshold ($11,500 single/$29,450 family) for early retirees and high-risk professions. CPI +1 percentage point indexed. Bill: PPACA; Page: 1,941-1,956

RFTC

i love, love love these tax repeals or expirations on tax credits for health insurance providers that rat fk their customers (me-you) into certain types of policies or when they pay their exec huge bonuses.

private health insurance providers will find a way to do just fine w/the new law. their stocks had a brief pull back and have taken off again after further review of the ruling, meanwhile hospital stocks are surging as will their hiring in the next 1-5 years, now thats job growth! :corn: :corn: :corn:

Newch91

:fp: :fp: How does he not confuse himself when he opens his mouth??

http://thinkprogress.org/education/2012 ... on-afford/

Romney: Students Should Get ‘As Much Education As They Can Afford’

On the campaign trail Wednesday night in Virginia, Mitt Romney took on the topic of education. While extolling the virtues of America as “the land of opportunity for every single person,” Romney said that he believes students should only be able to get as much education “as they can afford”:

I think this is a land of opportunity for every single person, every single citizen of this great nation. And I want to make sure that we keep America a place of opportunity, where everyone has a fair shot. They get as much education as they can afford and with their time they’re able to get and if they have a willingness to work hard and the right values, they ought to be able to provide for their family and have a shot of realizing their dreams.

This is similar to other comments Romney has made regarding higher education, such as when he told students to simply borrow the money for college from their parents or when he told them to “shop around” or join the military to get an education. But the crux of the matter is that Romney’s policies would make college less affordable for low- and middle-income students. So what they “can afford” is going to be a lot less.

For starters, Romney supports the radical Republican budget, authored by Budget Committee Chairman Paul Ryan (R-WI), which would cut Pell Grants for more than one million students, at a time when Pell Grants are already covering the smallest percentage of tuition in their history.

Next, Romney supports undoing the student loan reforms that were included in the 2010 health care bill. Those changes cut billions of dollars that were being wasted paying bank middlemen to service federal student loans, and instead plowed the money back into student aid. Repealing the measure, as Romney would like to do, would simply spend money to put banks back between students and their federal loans.

Finally, Romney is a staunch supporter of predatory for-profit colleges, which are much more expensive than public schools, and often leave their students buried in debt and without the credentials necessary to obtain a good job. Of course, this should come as no surprise, since the for-profit industry is donating heavily to Romney’s campaign.

usamamasan1

All makes sense to me. Only purchase what you can afford.

Many can learn from this.

Believe in America. Believe in yourself!

WOOT

Newch91

usamamasan1 wrote:

All makes sense to me. Only purchase what you can afford.

Many can learn from this.

Believe in America. Believe in yourself!

WOOT

It's idiotic. You should get the education that you want, whatever your financial situation is. If you are a really smart person and the top student of your graduating class but your financial situation is low, you should go to one of the top schools in the country to get a great education.

ComeToTX

usamamasan1 wrote:

All makes sense to me. Only purchase what you can afford.

Many can learn from this.

Believe in America. Believe in yourself!

WOOT

So only upper middle class and above people should be able to go to college? Talk about fucking our country!

It's hard to know what Romney really stands for since he's flip flopped on just about everything he's ever said and everything he did as Gov.

usamamasan1

If you are smart enough, you'll figure it out without crying about not getting free ride. Remember, it's the land of opportunity.

Earn it.

Entitled generation is my concern.

gimmesometruth27

usamamasan1 wrote:

If you are smart enough, you'll figure it out without crying about not getting free ride. Remember, it's the land of opportunity.

Earn it.

Entitled generation is my concern.

you have started a thread supporting every republican front runner in the last 18 months. you did not support romney until he started winning states. my question to you is what is romney going to do to assuage your concerns?

gimmesometruth27

usamamasan1 wrote:

All makes sense to me. Only purchase what you can afford.

Many can learn from this.

Believe in America. Believe in yourself!

WOOT

purchase the education that you can afford?????


really???


if that is your solution to the problem then you just killed the american dream and you don't even know it...

peacefrompaul

gimmesometruth27 wrote:

usamamasan1 wrote:

All makes sense to me. Only purchase what you can afford.

Many can learn from this.

Believe in America. Believe in yourself!

WOOT

purchase the education that you can afford?????


really???


if that is your solution to the problem then you just killed the american dream and you don't even know it...

What is the American Dream anyway?

Newch91

peacefrompaul wrote:

gimmesometruth27 wrote:

usamamasan1 wrote:

All makes sense to me. Only purchase what you can afford.

Many can learn from this.

Believe in America. Believe in yourself!

WOOT

purchase the education that you can afford?????


really???


if that is your solution to the problem then you just killed the american dream and you don't even know it...

What is the American Dream anyway?

What I think it is is going to and graduating from college, having a good paying job, and owning a home.

BinauralJam

What is the American Dream anyway?

ComeToTX

usamamasan1 wrote:

If you are smart enough, you'll figure it out without crying about not getting free ride. Remember, it's the land of opportunity.

Earn it.

Entitled generation is my concern.

It's become the land of debt. People shouldn't have $100,000+ of debt at 22 so they can maybe get a job that pays $25,000. It's just a way to further strangle the middle class.

Newch91

BinauralJam wrote:

What is the American Dream anyway?

:thumbup:

gimmesometruth27

BinauralJam wrote:

What is the American Dream anyway?

when i was a kid the "american dream" was a wrestler called dusty rhodes...turns out this chunk looks like a lot of americans these days