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There is the Employer Mandate Excise Tax of 8 percent of average
wages if your boss doesn't provide approved coverage -- and trust us,
"Doing this will put the company out of business" won't be an
acceptable excuse for the health care bureaucrats. There is the
Individual Mandate Surtax of 2.5 percent of your income if you choose
not to buy approved coverage. And don't forget the Medical Devices
Excise Tax equal to 2.5 percent of the wholesale price. That ought to
put a stop to frivolous gadgets like MRIs that greedy medical equipment
companies use to enrich themselves. For details on all 13 of these new
tax increases, go to atr.org.
Here's something else to think about: Remember that deal cut back in
the spring by the Pharmaceutical Research and Manufacturers Association
and health care reform advocates in the Obama White House and Congress?
The manufacturers agreed to support Obamacare in return for an $80
billion cap on mandatory rebates and price cuts on drugs sold to
Medicare participants. Now, in their effort to "pay for" health care
reform's $1 trillion or more cost, Pelosi and company have repudiated
the deal with PhRMA and doubled the mandatory rebates and price cuts.
If that's how they treat their friends, you can count on big increases
in those 13 new taxes. [Tax hikes as far as the eye can see]
+Your Share of the New Health Excise Tax
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