The Daily Nigger corporate offices were working late into the night last night to bring you the facts on this new law that is just about to be rammed down everyone’s throats. Here are the key provisions of it, which by the way amount to nothing less than higher taxes:
40-percent surtax on high-end employer-sponsored health plans
If your company has an insurance plan that pays premiums in excess of $10,200 for individual coverage and $27,500 for family coverage, then beginning in 2018 the guvment is going to impose a 40% nonrefundable excise tax.
Increases the Medicare tax to 2.35 percent for couples with adjusted gross incomes (AGI) over $250,000 a year and individuals with AGI over $200,000
Instead of the current 1.45% Medicare tax on W-2 wages and net income from self-employment, this will rise to 2.35%. Oh, by the way, you can double that because employers have to match that 2.35%, and if you are self-employed the total tab goes from 2.9% to 4.7% of self-employment net income. This is a 62% tax increase!
Imposes new fees on certain health-related industries
Tanning salons have to pay a 10% tax beginning July 1 of this year. Yep, that’s right 2010. And then there are going to be “fees” levied on brand name pharmaceutical sales, which will be based on “market share”. This will begin in 2011. (Expect drug prices to rise accordingly.)
Increases the threshold for the deduction of eligible unreimbursed medical expenses from 7.5% to 10% of AGI starting in 2013
Instead of the current 7.5% of adjusted gross income threshold (floor) that one must hurdle in order to begin deducting medical care and insurance costs, this will rise to 10%. In other words, ones ability to deduct out-of-pocket medical costs is lowered by a third.
And in summary, according to the experts, the above translates into $400 billion in additional taxes. And if you happen to make over $250K per year, then you will be severely punished. Read this summary here from the Cato Institute. The 249 Club is now accepting new members, that is, people who are strongly advised not to make more than that or else they will be punished.
So, there you have it in a nutshell straight from The Daily Nigger’s corporate offices located just down the gravel road and to the right near the grain elevator somewhere in the Mississippi Delta. It’s official now. We’re all niggers.
By the way, didja notice that the drug and insurance stocks are all up today? Well, you get the point about who really benefits from all of this…
-TDN
This entry was posted on Monday, March 22nd, 2010 at 08:33 and is filed under Free Speech. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
I don’t make anywhere near $200,000 a year, but I’ve kept up on current events enough to know that what this really refers to is a lot of small businesses, small enough to file on their own personal income tax, which means that the 10% unemployment number is probably going to continue going up, rather than down. Unfortunately, I think that’s the whole PLAN.
I want to thank TDN for keeping us posted on events as they occur. This is a great site, & I look forward to checking my Inbox for these “bulletins.” Come to think of it, have you posted anything about “net neutrality”? I’m afraid EVERYTHING is on the table at this point. Uh-oh. I just depressed myself even more. (sigh.)
Given the current insult to the American psyche by the Obomination and his filthy followers, we at The Daily Nigger have decided that it is time for an all assault on every politician with (D) behind their names. The Demoncrats have shown that they are the party of mass destruction and unhealthy policies for the United States of America.
We must begin an earnest campaign to strip our country of socialists, communists, liberation theologists, radical Islamic ingrates and Muslims, leftist sycophants in the media, and last but not least all lawyers who identify with the ACLU and other such communist America hating legal organizations!
Then when we are done with the lawyers and the Demoncrats, then we will start in on the Repubiclicans! Another group that needs their collective asses kicked also!!
I haven’t felt this stomped on since 9/11.
Thank you Muslim In Chief o what’s his name and company for doing what is best for me. I will be doing what is best for you in November and 2012
at the voting booth.
This entire thing from TARP until now is one giant crap sandwich being fed to the sheeple. These are tax increases in return for the dishonor and indignity of raping and pillaging the Treasury by globalist central bankers…
The job of the HNIC is to toss out crap sandwiches as much as possible, while the wealthy slip out the back door with all the loot…
Think I’m making this up? Think again…