Happy Anniversary Honey! But Not Really!!!

Now We're Seeing "What Is In It!"

Anniversary's should be such joyous occasions but such is not the case with the second year since the passage of Obama's signature piece of legislation affectionately known as Obamacare. Hopefully soon the divorce will be final when the Supreme Court strikes down this fiasco as being unconstitutional. It was a bad idea then and remains a bad idea now. It wasn't popular with the people when he rammed it down our throats instead of paying attention to job creation and remains even more unpopular now as we find out what is really in it and what it really will cost the US tax payer. Now keep in mind that Obama would never lie to us nor use the smoke and mirrors routine to get his way. Or would he?

Really San Fran Nan?

Now bear in mind that Obamacare is over 2,500 pages long and more than 500,000 words of a lot of mumbo-jumbo and many hidden taxes which we are all about to feel if the law is allowed to stand. It's cornerstone is the individual mandate which is intended to be the stepping stone for expansion to a single payer health care system. This wasn't the first time our elected professional pick pockets signed a bill without bothering to read it and it probably won't be the last. One thing for sure though is that Obamacare is bad medicine. Notice also that it isn't something Obama wants to talk about on the campaign trail, which he calls official business trips, because it is even more unpopular than he is at the present time but he's catching up quickly.

Coincidentally, it was also discovered by the Congressional Budget Office that the cost of Obamacare is actually twice the cost that was initially touted. Why is it that I always have to be a bearer of bad news about this administration? Wednesday's revelation projects the actual cost to the American tax payer over the next ten years to be $1.76 trillion. You have that kind of money? Does the government have that kind of money? The government has "NO" money because it makes nothing but grief for those of us who pay taxes to finance its foolishness. Evidently Obama doesn't understand that we can't afford all his whimsical spending be it on health care or algae powered cars. We're broke!

Back When The Tap Dance In Action...

Remember over the past three years how many times Obama has promised not to raise taxes on the middle class. Well, he is lying through his teeth as usual. There are at least 20 provisions in his signature piece of legislation that either raise taxes, or create new ones, on those of us who make less than $250K a year. That's Obama's definition of the middle class, not mine. Of the 20, five will impact the elderly the most. Now you know how those older folk can afford to finance the world according to Obama. Lets run some of them down for your reading pleasure.

Dividends please step up to the plate. Your current sentence is 15% on your dividend income. You will now have to pay 39.6% beginning January of 2013. Doesn't that just encourage you to invest and save? Right now according to the IRS anyone over 55 receives 70% of the dividends paid. If you make more than $250K you will be hit with an additional surtax of 3.8% which ups the ante to our wasteful government to a mere 43.4%.

Next up to bat is the medical device excise tax which comes on line in 2013. You know the little people who make things like wheelchairs, walkers, prosthetic devices, pace makers and such. Now who do you reckon is the major purchaser of such items. Yes, it's Grandma and Obama is going to push her over the cliff starting next year. The unintended consequence is that medical device manufacturers are even now shuttering plants, moving overseas or down sizing with the knowledge that their profits are about to take it in the shorts. CYA Grandma! Whoopsie... Great for increasing unemployment, don't ya think?

Lets get to ALL Americans now, at least those of us who actually pay income taxes. Speaking of being fair Obama, what about that bad deal? Next year there will be a decrease in your allowable deductions. So if you were able to deduct expenses before over 7.5% of your Adjusted Gross Income (AGI) just plan on raising that to 10%. So no new taxes on the middle class? The bill is riddled with them. They're called "hidden taxes."

An especially cruel provision pertains to what is called "The Special Needs Kids" tax. That's affectionately called the Flexible Spending Account Cap in the bill. Starting in 2013 that will be capped at $2,500.00. The thousands of parents who now use FSA's to help pay to meet the educational needs of their children, which is rather expensive, will have to suck it up. There go Little Johnnie and Janie over the cliff after Grandma.

Also coming next year is a new real estate tax on the sale of your home. That will be a mere 3.8% on the sale of your most valuable investment. I'm still scratching my head wondering what my house has to do with health care. Maybe someone can explain that to me.

Makes It Hurt Too

You getting the picture here yet? Here's a link to some of the taxes that are either coming down the pipeline or have already taken effect. This was all in the timing for Obama's reelction run. Of course he didn't want the middle class to wake up and sock em in the wallet.

So Happy Anniversary to Obamacare. In about two weeks we'll hear the arguments at the Supreme Court of The United States and hopefully the divorce will become final this summer. It wasn't what the American people wanted back when he signed it without anyone having read it and it's even more unpopular now. Such is the case with some marriages.

Quote by Queen Pelosi yesterday on the House floor: “what our founders put forth in our founding documents, which is life, liberty, and the pursuit of happiness. And that is exactly what the Affordable Care Act helps to guarantee.”

As Always,

The Frog Prince

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Comments 16 comments

Lynn S. Murphy 4 years ago

Here's hoping the Supreme Court gets it right. Great piece. There's so many hidden gotchas in there and they started the moment it was signed.


The Frog Princess profile image

The Frog Princess 4 years ago from Florence area of the Great Pee Dee of South Carolina

The Obamiecare is like ha ha Americans We gotcha good this time. Excellent hub Frog.

Voted up and etc.

Donna


breakfastpop profile image

breakfastpop 4 years ago

Excellent job exposing the truth about this miserable bill. Let's hope that the Supreme Court does the right thing and banishes it from the kingdom because if not we are all going to suffer big-time in many, many ways. Great job Frog Prince. Up and awesome and useful to.


Angela Blair profile image

Angela Blair 4 years ago from Central Texas

I fought this thing from the beginning (along with ARRP's stand when they sold us out to Obama) and I'm praying the Supreme Court will rid us of it -- but then who knows? Super Hub & voted UP. Best/Sis


The Frog Prince profile image

The Frog Prince 4 years ago from Arlington, TX Author

Lynn - The thing is laden with taxes on everyone. It seems to be more of a hidden tax bill than a health care reform bill.

Donna - You bet he did.

BPOP - I'm thinking about doing another Hub about the impact it will have on the young people who swooned over Obama being elected.

Sis - I ditched AARP and they'll stay in the ditch.

The Frog


RealHousewife profile image

RealHousewife 4 years ago from St. Louis, MO

Sheesh...that Obama is so tricky! I'd like to divorce him - and yes it's tax time again Frog - mama ain't happy! Thanks for the insight...I had no idea as usual what that fine print really said - thanks for highlighting it for us!


The Frog Prince profile image

The Frog Prince 4 years ago from Arlington, TX Author

Kelly - I know that when mama ain't happy no one around is happy ;)

TFP


Longhunter 4 years ago

Thank God we have a Conservative majority in the Supreme Court. I would love to see this un-Constitutional law struck down as the piece of garbage it is. I'd also love to see the look on Obama's, Reid's, and Pelosi's faces when it happens.

Well, maybe not Pelosi's. She's scary and would make a great poster child for birth control.

As for a divorce, perhaps it's time we start the division of assets (states) into two separate piles (countries).

Great hub, as usual, TFP.


Pamela99 profile image

Pamela99 4 years ago from United States

Very thorough hub about obamacare - the big rip off for Americans. I certainly hub the supreme court does the right thing.


Stu 4 years ago

Frog, higher costs per payer, be it through premiums or taxes, were inevitable under ObamaCare. Coverages are being forced up (covering preex, covering dependent children until age 26, etc.), and 40 million new subsidized insureds will be covered. As I've written many times, the only way to tackle the cost problem is to lower underlying provider cost - tort reform, smart automation of hospitals to reduce medical errors, patented drug importation, reducing Medicare fee caps for majoe procedures to private PPO equivalents, etc. The medical and legal lobbies paid millions to prevent this over many years, far before ObamaCare was ever conceived. At root, the medical cost crisis is due to plutocracy. ObamaCare simply takes a crisis and turns it into a catastrophe.


Ghost32 4 years ago

...and of course the individual mandate itself is a tax aimed most heavily at the middle class. A "one percenter" who chooses to pay the tax rather than purchase health insurance won't be losing more than 2% of his income (max), while a middle class wage earner may get whacked for as much as 9%.


teaches12345 profile image

teaches12345 4 years ago

Your opening title hits home! The past year has steadily lost its appeal in many ways. Thanks for the information on the IRS deductions and the hidden truths. We are just being led blindfolded down the path ... thanks for opening our eyes.


drbj profile image

drbj 4 years ago from south Florida

May the Supreme Court do the right thing, Frog, and strike down this miserable Obamacare mandate. Then Pelosi will have plenty of time to finally read it.


tom hellert profile image

tom hellert 4 years ago from home

all,

lets hope the justices eat their wheaties- i cant understand how kagin can rule on something she helped write?

oh thats riht obama and the dems need to cheat to win..because they are always in the wrong- at least so far.... hhhmmm theres a good hub idea alot of material....

TH


tom hellert profile image

tom hellert 4 years ago from home

all,

lets hope the justices eat their wheaties- i cant understand how kagin can rule on something she helped write?

oh thats riht obama and the dems need to cheat to win..because they are always in the wrong- at least so far.... hhhmmm theres a good hub idea alot of material....

TH


wba108@yahoo.com profile image

wba108@yahoo.com 4 years ago from upstate, NY

Congratulations on a superbly written Hub! Nancy Polosi either is completely ignorant about the Constitution or she rightly thinks her constituents are brain dead concerning the Constitution! I think it's a little of both. I don't know if I even want to know what's in this "Frankenstein" called Obamacare, all I know is its got to be buried if we want a future in this country!

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