“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:
Marching Toward Smaller Government
Criminalizing Criticism of the Police
Does Free Money Exist?
ACLU security expert: post-9/11 security measures show ‘we took a wrong turn’
Dutch Streets Adopt Cryptocurrency, Become ‘Bitcoin Boulevard’
Jeffrey Tucker, Porcfest: Crowd Sourcing Liberty
Median Household Income Is Flat
Israel to annex Syrian Golan Heights after 'billion barrel' oil find
Rep holds up vodka and steak on House floor to shame food stamp opponents
Rand Paul Defends Apple Tax Avoidance Against Homeland Security Subcommittee
What Country Is This? Forced Blood Draws, Cavity Searches and Colonoscopies
The EU Robs the Bank In Cyprus - Coming to the USA Too?
Man gets drunk randomly because his own body brews beer from carbs
Millions of high-security crypto keys crippled by newly discovered flaw
How I tracked FBI aerial surveillance