Saturday, January 15, 2011

Comprehensive List of Tax Hikes in Obamacare



1. Individual Mandate Excise Tax(Jan 2014):


....


2. 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. This provision 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).


Combined score of individual and employer mandate tax penalty: $65 billion/10 yearsRead more: http://www.atr.org/comprehensive-list-tax-hikes-obamacare-a5758##ixzz1BAE1Xlhc




No comments: