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Title: Blog by Novelist William S. Frankl, MD

Another “Wonderful” Blessing of Obamacare

Taxpayers earning less than $200,000 a year will pay about $3.9 billion more in taxes, in 2019, alone because of the Healthcare Reform Bill, according to the Congressional Joint Committee on Taxation.

1.Obamacare raises $15.2 billion over 10 years by limiting the medical expense deduction, a provision widely used by taxpayers who either have a serious illness or are over 65.
2. At present, taxpayers may deduct medical expenses in excess of 7.5 percent of their adjusted gross income.
3. Starting in 2013, most taxpayers will only be allowed to deducted expenses greater than 10 percent of adjusted gross income, and the over 65 taxpayers will be hit by this threshold increase in 2017.

It’s a tax on the middle class who are seriously ill!  How many times will Obama break his “no taxes on anyone earning under $250,000 a year ?” And how is that “improving healthcare?”

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