Your New Taxes 2013

New Taxes Already On The Books
Strange how the Obama administration isn't talking about the new $268 BILLION dollar tax hike that hits all Americans this year. Like no other, you cannot avoid these new taxes because the Democratic Congress shoved them down your throats.

5 Taxes
There are a total of five new taxes, as follows:

1. Medicare Payroll Tax Hike -- Total $86.8 billion tax increase!  The Medicare payroll tax is currently 2.9 percent on all wages and self-employment profits.  The new increase is now on wages and profits exceeding $200,000 ($250,000 in the case of married couples). That's a 3.8 percent rate increase. This is a direct tax hike on small business owners, who are liable for self-employment tax.
2. Medical Itemized Deductions – Total $15.2 billion tax increase! Currently, if you are facing high medical expenses, you are allowed a deduction not to exceed 7.5 percent of adjusted gross income. By limiting this deduction, Obamacare widens the net of taxable income for the sickest Americans.  This tax provision will most harm near retirees and those with modest incomes but high medical bills.
3. Surtax on Investment Income – Total $123 billion tax increase!  This is a new, 3.8 percentage point surtax on investment income earned in households making at least $250,000 ($200,000 single). Affecting seniors the most.
4. “Special Needs Kids Tax” – Total $13 billion tax increase!  If you use a Flexible Spending Account (FSA) at work to pay for your family’s basic medical needs, you now have a cap of $2,500 - instead of being unlimited. The affects parents of special needs children. 
5. Medical Device Tax – Total $20 billion tax increase!  Obamacare imposes a new 2.3 percent excise tax on gross sales of all medical devices.  In addition to killing small business jobs and impacting research and development budgets, this will increase the cost of your health care – making everything from pacemakers, CPAP machines, to prosthetics. Net affect making all devices more expensive.

Still Glad?
Are you still happy that you voted for Obama? You cannot escape paying these new taxes. The government is now in charge of your health care! Goodbye seniors, because the Death Panels are coming next!