Braces for the Kids Just Got More Expensive: Obamacare Tax Hike Case Study

No taxes raised on the Middle Class, eh? Yup, another lie.

From the article:

In 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. (OP Note: This applies to all medical equipment. Even for veterinarians.)

Obamacare Flexible Spending Account Cap: As of Jan. 1, the 30-35 million Americans who use a pre-tax Flexible Spending Account (FSA) at work to pay for their family’s basic medical needs face a new government cap of $2,500. This will squeeze $13 billion of tax money from Americans over the next ten years. (Before Obamacare, the accounts were unlimited under federal law, though employers were allowed to set a cap.) A parent looking to sock away extra money to pay for braces would find themselves quickly hitting this new cap, meaning they would have to pony up some or all of the cost with after-tax dollars. Needless to say, this tax will especially impact middle class families. (OP Note: This affects families with chronically sick or disabled children. Truly a catastrophe for families with the greatest needs. This is shameful.)

Obamacare “Haircut” to the Medical Itemized Deduction: Faced with higher prices for braces and a reduced ability to pay for them with their FSA, parents might decide to deduct the cost of braces on their tax returns. Unfortunately, Obamacare makes this harder, too.

Before Obamacare, Americans facing high medical and dental expenses were allowed a deduction to the extent that those expenses exceeded 7.5 percent of adjusted gross income (AGI). As of Jan. 1, Obamacare imposes a threshold of 10 percent of AGI. Therefore, Obamacare not only makes it more difficult to claim this deduction, it widens the net of taxable income.

According to the IRS, 10 million families took advantage of this tax deduction in 2009, the latest year of available data. Almost all are middle class. The average taxpayer claiming this deduction earned just over $53,000 annually. ATR estimates that the average income tax increase for the average family claiming this tax benefit will be $200 - $400 per year. To learn more about this tax, click here.

This is just a small example of how a simple, everyday, kitchen table decision has been fundamentally altered by the tax hikes in Obamacare. It does not even take into account the indirect effects of the rest of the tax hikes in the law, which will reduce family income and kill jobs.

This is truly a shameful law, and effects the Middle Class most of all. Just who Obama said he was going to protect. He lied. Again.

Read more: http://atr.org/braces-kids-more-expe...#ixzz2HkEcGmif

Depends on who has a ax to grind. Article I saw last night showed the largest percent of income to about $80,000 used the simple form of reporting and claimed no deductions.(single) the richest were the ones using deductions,so they paid less income tax than the ones making less.

My insurance has gone up and it is not as good.
The costs of my health care has gone up.
One of my doctors retired rather than to continue under Obama-care, he will now only work for free through a foundation on a very selective basis.
A procedure that cost less than 400 before Obama-care now costs almost 900 under Obama-care.

This is just one of the provisions of odumbo care, that is putting my brother out of buisness.

My insurance has gone up and it is not as good.
The costs of my health care has gone up.
One of my doctors retired rather than to continue under Obama-care, he will now only work for free through a foundation on a very selective basis.
A procedure that cost less than 400 before Obama-care now costs almost 900 under Obama-care. Originally Posted by The2Dogs

bet it'll really get expensive when Obamacare goes into effect

Health expenditures in the United States neared $2.6 trillion in 2010, over ten times the $256 billion spent in 1980. [1] The rate of growth in recent years has slowed relative to the late 1990s and early 2000s, but is still expected to grow faster than national income over the foreseeable future.[2] Addressing this growing burden continues to be a major policy priority. Furthermore, the United States has been in a recession for much of the past decade, resulting in higher unemployment and lower incomes for many Americans. These conditions have put even more attention on health spending and affordability. [1]

Since 2002, employer-sponsored health coverage for family premiums have increased by 97%, placing increasing cost burdens on employers and workers. [3] In the public sector, Medicare covers the elderly and people with disabilities, and Medicaid provides coverage to low-income families. Enrollment has grown in Medicare with the aging of the baby boomers and in Medicaid due to the recession.[1], [4] This means that total government spending has increased considerably, straining federal and state budgets. In total, health spending accounted for 17.9% of the nation’s Gross Domestic Product (GDP) in 2010. [5]


huh? up 97% since 2002?

fucking Obamacare !!

You fool yourself in believing that provisions of Obama-care have not had an impact on healthcare providers and the currently insured.

No taxes raised on the Middle Class, eh? Yup, another lie.

From the article:

In 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. (OP Note: This applies to all medical equipment. Even for veterinarians.)

Obamacare Flexible Spending Account Cap: As of Jan. 1, the 30-35 million Americans who use a pre-tax Flexible Spending Account (FSA) at work to pay for their family’s basic medical needs face a new government cap of $2,500. This will squeeze $13 billion of tax money from Americans over the next ten years. (Before Obamacare, the accounts were unlimited under federal law, though employers were allowed to set a cap.) A parent looking to sock away extra money to pay for braces would find themselves quickly hitting this new cap, meaning they would have to pony up some or all of the cost with after-tax dollars. Needless to say, this tax will especially impact middle class families. (OP Note: This affects families with chronically sick or disabled children. Truly a catastrophe for families with the greatest needs. This is shameful.)

Obamacare “Haircut” to the Medical Itemized Deduction: Faced with higher prices for braces and a reduced ability to pay for them with their FSA, parents might decide to deduct the cost of braces on their tax returns. Unfortunately, Obamacare makes this harder, too.

Before Obamacare, Americans facing high medical and dental expenses were allowed a deduction to the extent that those expenses exceeded 7.5 percent of adjusted gross income (AGI). As of Jan. 1, Obamacare imposes a threshold of 10 percent of AGI. Therefore, Obamacare not only makes it more difficult to claim this deduction, it widens the net of taxable income.

According to the IRS, 10 million families took advantage of this tax deduction in 2009, the latest year of available data. Almost all are middle class. The average taxpayer claiming this deduction earned just over $53,000 annually. ATR estimates that the average income tax increase for the average family claiming this tax benefit will be $200 - $400 per year. To learn more about this tax, click here.

This is just a small example of how a simple, everyday, kitchen table decision has been fundamentally altered by the tax hikes in Obamacare. It does not even take into account the indirect effects of the rest of the tax hikes in the law, which will reduce family income and kill jobs.

This is truly a shameful law, and effects the Middle Class most of all. Just who Obama said he was going to protect. He lied. Again.

Read more: http://atr.org/braces-kids-more-expe...#ixzz2HkEcGmif Originally Posted by CuteOldGuy

As usual, I only had to read your first example to find the flaw.

Of $7625, a very small % is the cost of some wire, some small glue-on anchors, etc.

$7000 plus of the cost is for the skills of the doctor, x-rays, office help, office rental, etc.

To regain the most minuscule portion of credibility, admit your error now.

This is just one of the provisions of odumbo care, that is putting my brother out of buisness. Originally Posted by seedman55

You mean you're the smart one?

Jesus help us.

You mean you're the smart one?

Jesus help us. Originally Posted by Munchmasterman

Go fuck yourself you lowlife piece of whale shit. He had contracts with Walter Reed, and all the other hospitals in the Philadelphia and NYC area. Fucking dickhead. He is the most sought after and highly respected installer and technician on the eastern seaboard. So go back to sucking cock....

Go fuck yourself you lowlife piece of whale shit. He had contracts with Walter Reed, and all the other hospitals in the Philadelphia and NYC area. Fucking dickhead. He is the most sought after and highly respected installer and technician on the eastern seaboard. So go back to sucking cock.... Originally Posted by seedman55

He should change his name to "Munchmancock".

Go fuck yourself you lowlife piece of whale shit. He had contracts with Walter Reed, and all the other hospitals in the Philadelphia and NYC area. Fucking dickhead. He is the most sought after and highly respected installer and technician on the eastern seaboard. So go back to sucking cock.... Originally Posted by seedman55

Of course he is.

If the most sought after technical expert is no longer sought out it is because he never was such.

This equipment will continue to be sold regardless of the cost.

It will continue to need maintenance.

It will continue to need to be repaired.

And of course, you will continue lie out of your ass.

PS You have a very small vocabulary. Must be all the creme-of-sum-yung-guy you eat.

He should change his name to "Munchmancock". Originally Posted by IIFFOFRDB

Another devastating comeback from the penis-eating gallery.

Go fuck yourself you lowlife piece of whale shit. He had contracts with Walter Reed, and all the other hospitals in the Philadelphia and NYC area. Fucking dickhead. He is the most sought after and highly respected installer and technician on the eastern seaboard. So go back to sucking cock.... Originally Posted by seedman55

Anything to say?

I'm waiting on you, bitch.

Go fuck yourself you lowlife piece of whale shit. He had contracts with Walter Reed, and all the other hospitals in the Philadelphia and NYC area. Fucking dickhead. He is the most sought after and highly respected installer and technician on the eastern seaboard. So go back to sucking cock.... Originally Posted by seedman55

Guess I should have asked.

How many lives did his incompetence cost?