Give! Give!

As if Americans aren’t already taxed enough, the healthcare reform bill—or Obamacare bill—being discussed by the Senate contains dozens of new taxes and creates 111 new bureaucracies.

Among the new taxes:

  • a 40 percent excise tax on health coverage in excess of $8,500 (individuals)/$23,000 (families).
  • an additional half percent Medicare (Hospital Insurance) tax on wages in excess of $200,000 ($250,000 for joint filers) beginning in 2013.
  • an annual fee on manufacturers and importers of branded drugs beginning in 2010.
  • an annual fee on manufacturers and importers of certain medical devices beginning in 2010.
  • a reduction by half (to $500,000) the amount of an executive’s compensation that a health plan can deduct from its corporate income taxes beginning in 2013 and a 5 percent excise tax on cosmetic surgery and similar procedures beginning in 2010. (source: Openmarket.org)

Santa Claus

For a young child, Santa Claus is a magical character of mythical proportions. If the child wants something special he knows all he has to do is ask Santa. Now the United States Government is playing the role of Santa and giving away presents right and left. Read this article to learn where the Santa mentality of government is leading us…