Saturday, June 30, 2012
New middle class tax
During his 2008 presidential campaign, Barack Obama promised that there would be no taxes on the middle class. He and the Democrats in Congress have doggedly kept up that rhetoric, promising to tax the rich instead. Fuggedaboudit. It ain't true. There is now a new tax (effective 2014) on all of the middle class (and everyone else). Not only that, it will be a repressive tax that negatively effects those least able to pay it. The tax will not be on what you earn or what you buy. It will be on you, taxed for existing and what you do not do. It's called the "Patient Protection and Affordable Care Act," aka Obamacare.