Tag Archive for Obamacare

More Obamacare Taxes Will Hit Your Wallet January 1 – Money Morning

Even if Obamacare hasn’t altered your insurance coverage, it will affect your taxes.

The new healthcare law brings the largest set of tax law changes this country has seen in more than 20 years.

According to the Government Accountability Office, the IRS must implement a total 47 statutory provisions under Obamacare. And Obamacare’s $1 trillion in total tax increases will hit drug companies, Health Savings Accounts, health insurers, employer-based health insurance, and more.

The administration says these taxes are absolutely essential to fund Obamacare.