Tag Archives: HealthCareLegislation

It’s a Tax: What ObamaCare Means for You

Unless you were shipwrecked on a deserted island you know that the Supreme Court ruled that the Affordable Care Act, aka ObamaCare, is a legal “tax.” Back in February 2010 I wrote about the taxes in ObamaCare. Let’s run down … Continue reading

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ObamaCare Unconstitutional; Impact on Taxes?

As most of you know, a second federal court judge has ruled the Health Care Law that passed last year is unconstitutional. Judge Rodger Vinson didn’t just rule that the mandate that health insurance must be bought is stricken; rather, … Continue reading

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Unearned Income Tax in New Healthcare Bill Will Impact Gambling

The new healthcare legislation contains plenty of taxes. One especially bad one is a new 3.8% tax on unearned income above $200,000. This will have a very bad impact on amateur gamblers. When I last looked at the bill, the … Continue reading

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It’s Unpopular, Unworkable, and Insane, So Naturally They’re in a Hurry to Pass It (Part 2)

When I last wrote about the healthcare legislation, I noted the 17 taxes which would be in the plan. Let’s see what’s new in the “Unified Health Care Legislation” proposed by President Obama. 1. Individual Mandate Tax. For those who … Continue reading

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Are the Democrats in Sacramento that Blind?

There was an election in Massachusetts on Tuesday. As I’m sure you’re aware, Republican Scott Brown is the new Republican Senator from Massachusetts. Apparently, Democrats in Sacramento are blind to the obvious. The voters in Massachusetts, a state more liberal … Continue reading

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They’re Mad as Hell and They’re Not Going to Take It Any More!

Many of you may remember the movie classic Network: On Tuesday, voters in Massachusetts sent a message to politicians. Massachusetts elected a Republican Senator. To put that in perspective, the last time a Republican was elected to the Senate in … Continue reading

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It’s Unpopular, Unworkable, and Insane, So Naturally They’re in a Hurry to Pass It

So I noted last month (more accurately, noting that Joe Kristan’s comment was completely accurate). We have a new listing of the taxes in the healthcare legislation. The new taxes are noted by italics while taxes that have been removed … Continue reading

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Health Care Legislation: We’ll be Paying for This

There is no free lunch. If the government provides us a benefit, it’s really we who provide that benefit. It’s our government, and the money that it’s giving us is our own, whether that money is borrowed or comes from … Continue reading

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18 Tax Changes in Senate Healthcare Bill

Senator Harry Reid’s (D-NV) healthcare legislation has 18 tax changes according to Americans for Tax Reform. Here’s a list of the taxes and their impacts (note: Dollar figures are single/single 2+ (S2) or MFJ): 1. Individual Mandate Tax. For those … Continue reading

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Why Gamblers Should Dislike PelosiCare

Suppose you’re an amateur gambler. Say you’re a college student. You net $45,000 playing poker tournaments. When you determine your annual wins and losses you find that your gross winnings are $800,000 and your gross losses are $755,000. You take … Continue reading

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