Friday, December 11, 2009

Oh Goody, Reid's New Taxes for Our Christmas Stockings

Guess if Reid and company get their Christmas wish for the current health care plan to pass, then the rest of us get... well, we don't get coal. Santa won't be able to afford it.

Just thought you'd be interested in seeing some of the new proposed taxes from our delightful Congress.

The Senate Health Bill: Higher Taxes from Harry Reid

In order to pay for a massive health care bill (H.R. 3590), Majority Leader Harry Reid (D-NV) creates a host of new taxes. These taxes will total $370.2 billion in the next ten years, and many of the taxes will start being collected in 2010, even as the economy continues to struggle.
The most shocking tax increase is a payroll tax increase that will permanently sever the link between the Medicare Payroll tax and its contributions to Medicare. This payroll tax increase of .5% on earnings above $200,000 for singles and $250,000 for joint couples will contribute money to the general fund for health care instead of directly for Medicare payments....

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