“Among the most affluent fifth of households, those affected will see tax increases averaging $6,000 next year, economists estimate. The law does not provide for the money to be deposited in a specific trust fund. It is added to the government’s general tax revenues and can be used for education, law enforcement, farm subsidies or other purposes. Under another provision of the health care law, consumers may find it more difficult to obtain a tax break for unreimbursed medical expenses. In addition, workers face a new $2,500 limit on the amount they can contribute to flexible spending accounts used to pay medical expenses.”
http://www.economicpolicyjournal.com/2012/12/here-we-gonew-taxes-to-take-effect-to.html
Related posts:
NATO Vows Biggest Buildup against Russia since Cold War
Farm Bill: Are Republicans the “Stupid Party” or the “Big-Government Party”…or Both?
Bit of Headache for Paris, Bitcoin Regulation Added to EU Agenda
Bitcoin Prices Whipsawed by Looming China Crackdown
A Taxing Choice? PAC Checks May Ease the Pain
The Most Important Takeaways From the Ex-TSA Screener’s Exposé
Forget Terrorism: The Real Reason Behind The Qatar Crisis Is Natural Gas
The Turing Phone Is Built to Be Unhackable and Unbreakable
Russia’s Anti-Bitcoin Stance May Be Softening, Reports Say
Tesla Wants To Eliminate Side Mirrors; Regulators Stand In The Way
Central Bank of Jordan Blocks Financial Companies from Bitcoin
Eavesdropper: The Mobile Vulnerability Exposing Millions of Conversations
IRS Reneges on Offshore Asset Voluntary Disclosure Deals
Pensions in Ukraine to be halved: sequestration draft
Don’t Fly During Ramadan
