Supreme Court Upholds Health Care Mandate

[Slingin Sammy 33]

Originally Posted by NC_Skins

Dear god. Fox news again? Sammy, for the love of god stop reading that crap.

As usual, they distort and exaggerate the truth. Let's start with that first point.

At this point, Fox News should be treated much like The Onion when it comes to stories.

As usual with you and 12th, you'll discount anything from Fox without reading/admiting the facts in their articles. I'm not going to comb through the actual Obamacare legislation to cite page/paragraph for the following points mentioned in the Fox link, but I'll cut out virtually all the commentary. Still leaves some pretty hefty tax increases that I noticed you couldn't/didn't address in your response:

- Currently, Americans are allowed to deduct medical expenses on their 1040 form to the extent the costs exceed 7.5 percent of one’s adjusted gross income. The new ObamaCare provision will raise that threshold to 10 percent, subjecting patients to a higher tax bill. This tax will hit pre-retirement seniors the hardest. Over the next ten years, affected Americans will pony up a minimum total of $15 billion in taxes thanks to this provision.

- The 24 million Americans who have Flexible Spending Accounts will face a new federally imposed $2,500 annual cap. These pre-tax accounts, which currently have no federal limit.......The cap will also affect families with special-needs children, whose tuition can be covered using FSA funds. Special-needs tuition can cost up to $14,000 per child per year......so that the federal government can squeeze an additional $13 billion out of taxpayer pockets over the next ten years......

- Under current law, the capital gains tax rate for all Americans rises from 15 to 20 percent in 2013, while the top dividend rate rises from 15 to 39.6 percent. The new ObamaCare surtax takes the top capital gains rate to 23.8 percent and top dividend rate to 43.4 percent. The tax will take a minimum of $123 billion out of taxpayer pockets over the next ten years.

- The ObamaCare Medicare Payroll Tax increase - This tax soaks employers to the tune of $86 billion over the next ten years.

When you can't counter the facts, try to disparage the source....must be straight from Rules for Radicals. If you guys discount Fox, I guess those on the right can discount CNN, ABC, NBC, MSNBC, CBS, WaPo, NYT, LAT, etc.