Tag Archives: Taxation Without Constitution

White House: Health law requires coverage for workers’ children

Posted on by

http://freedomwat.ch/wp-content/uploads/2013/01/ladydoctor-shutterstock-615x3451.jpg

“The Affordable Care Act will require employers to offer health insurance that covers their workers’ children too, the Obama administration announced on Monday.  Though many companies offer family health insurance today, a narrow selection of them do not, meaning the rule will require significant changes for some in the private sector. Nevertheless, it only applies to full-time employees at companies with more than 50 workers, meaning most small businesses are exempt.”

http://www.rawstory.com/rs/2013/01/01/white-house-health-law-requires-coverage-for-workers-children/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Health care law may mean less hiring in 2013

Posted on by

http://freedomwat.ch/wp-content/uploads/2013/01/ap-obama-4_3_r560.jpg

“Many businesses plan to bring on more part-time workers next year, trim the hours of full-time employees or curtail hiring because of the new health care law, human resource firms say.  The so-called employer mandate to offer health coverage doesn’t take effect until Jan. 1, 2014. But to determine whether employees work enough hours on average to receive benefits, employers must track their schedules for three to 12 months prior to 2014 — meaning many are restructuring payrolls now or will do so early next year.  About a quarter of businesses surveyed by consulting firm Mercer don’t offer health coverage to employees who work at least 30 hours a week.”

http://www.usatoday.com/story/money/business/2012/12/30/health-care-law-jobs/1785641/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Hollywood Gets Tax Break Extension, While Payroll Extension Break Ended

Posted on by

“Section 317 of the freshly approved legislation includes an extension for ‘special expensing rules for certain film and television productions.’  The fiscal cliff deal extends the tax incentives through 2013–even as payroll taxes rise on ordinary Americans.  The original tax incentive applied to productions costing less than $15 million to make ($20 million in low-income areas). The 2008 extension applies to all films, up to a deduction of $15 million (or $20 million in low-income areas). The incentive is especially generous to television series; it applies to each TV episode.”

http://www.economicpolicyjournal.com/2013/01/hollywood-gets-tax-break-extension.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Lord Obama on Shared Sacrifice

Posted on by

“So what’s the definition of shared sacrifice, and what’s the definition of ‘forward?’ 54 Christmas trees, a 300 lb. gingerbread presidential palace, and a dandy $4 million Hawaiian vacation.  Robert Keith Gray, a former Eisenhower staffer, revealed that last year the U.S. presidency cost American taxpayers $1.4 billion. Over the same period, the entire royal family cost British taxpayers about $57 million. There’s nothing ‘royal’ about the current level of ‘presidential perks’: The Obama family costs taxpayers more than every European royal house put together.”

http://www.lewrockwell.com/blog/lewrw/archives/129963.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Fiscal Cliff Deal: $1 in Spending Cuts for Every $41 in Tax Increases

Posted on by

“Matthew Boyle at Breitbart now reports that the according to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.”

http://www.economicpolicyjournal.com/2013/01/fiscal-cliff-deal-1-in-spending-cuts.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Congress, federal workers to get raise

Posted on by

“Members of Congress will be getting a small pay increase next year.   Under an executive order issued by President Obama on Thursday, members of Congress will join federal workers in seeing their pay rise by 0.5 percent after March 27.  Congressmen and senators make $174,000 a year and will see an extra $900 in their annual pay packages before taxes next year.”

http://thehill.com/blogs/on-the-money/appropriations/274781-congress-federal-workers-to-get-pay-increase

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Why You Might Only Be Able to Get Part-Time Work in 2013

Posted on by

“Here is what I am doing for the rest of the year — working with every manager in my company so that as of January 1, 2013, none of our employees are working more than 28 hours a week.   We have got to get our company under 50 full time employees or else I am facing a bill from Obamacare in 2014 that will be several times larger than my annual profit.  I love my workers.  They make me a success.  But most of my competitors are small businesses that are exempt from the Obamacare hammer.  To compete, I must make sure my company is exempt as well.  This means that our 400+ full time employees will have to be less than 50 in 2013.”

http://www.economicpolicyjournal.com/2012/12/why-you-might-only-be-able-to-get-part.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

New Taxes to Take Effect to Fund Health Care Law

Posted on by

“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

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

How Congress Snuck in a 3.8% Tax Increase that Will Kick in on Jan. 1

Posted on by

“Scheduled to take effect on Jan. 1, the tax, which was adopted as part of the 2010 health-care law, is a 3.8 percent levy on interest, dividends, capital gains and passive business income received by taxpayers with incomes exceeding $200,000 (or $250,000 for couples).   Because the new tax was added to the health-care law late in the process without congressional hearings, it received little attention at the time. With only a few weeks left before it takes effect, it remains largely unknown.  One problem with the unearned income Medicare contribution tax is the name Congress chose for it, which is a triple misnomer.”

http://www.economicpolicyjournal.com/2012/12/how-congress-snuck-in-38-tax-increase.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Why Your Take Home Pay WILL DROP in 2013

Posted on by

“The headlines all talk about taxes being increased, as a result of Obama and Boehner scheming,  for those earning over $400,000 per year, perhaps $1 million per year. Nothing for you to worry about, right?  Not so fast. Little discussed is the fact that the payroll tax is very likely to go up. Letting the payroll tax rate revert to the old 6.2% from the current 4.2% would raise government revenue by about $125 billion next year, equivalent to 0.8% of total U.S. economic output, according to J.P. Morgan Chase.  WSJ estimates that it will mean an average tax increase of about $1,000 a year for the typical American household making about $50,000 annually.”

http://www.economicpolicyjournal.com/2012/12/why-your-take-home-pay-will-drop-in-2013.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet