Saturday, November 21, 2009

Harry's New Taxes

You'd think this would be getting a bit more play in the MSM ... from NRO's Healthcare Blog:

An income surtax on taxpayers earning more than $500,000 a year,[1]
An excise tax on high-cost "Cadillac" health insurance plans that cost more than $8,500 a year for individuals or $21,000 for families,[2]
An excise tax on medical devices such as wheelchairs, breast pumps, and syringes used by diabetics for insulin injections,[3]
A cap on the exclusion of employer-provided health insurance without offsetting tax cuts,[4]
A limit on itemized deductions for taxpayers with a top income tax rate greater than 28 percent,[5]
A windfall profits tax on health insurance companies,[6]
A value-added tax, which would tax the value added to a product at each stage of production,[7]
An increase in the Medicare portion of the payroll tax to 3.4 percent for incomes great than $200,000 a year ($250,000 for married filers),[8]
An excise tax on sugar-sweetened beverages including non-diet soda and sports drinks,[9]
Higher taxes on alcoholic beverages including beer, wine, and spirits,[10]
A tax on individuals without acceptable health care coverage of up to 2.5 percent of their adjusted gross income,[11]
A limit on contributions to health savings accounts,[12]
An 8 percent tax on all wages paid by employers that do not provide their employees health insurance that satisfies the requirements defined by the Secretary of Health and Human Services,[13]
A limit on contributions to flexible spending arrangements,[14]
Elimination of the deduction for expenses associated with Medicare Part D subsidies,[15]
An increase in taxes on international businesses,[16]
Elimination of the tax credits paper companies take for biofuels they create in their production process—the so-called "Black Liquor credit,"[17]
Fees on insured and self-insured health plans,[18]
A limit or repeal of the itemized deduction for medical expenses,[19]
A limit on the Qualified Medical Expense definition,[20]
An increase in the payroll taxes on students,[21]
An extension of the Medicare payroll tax to all state and local government employees,[22]
An increase in taxes on hospitals,[23]
An increase in the estate tax,[24]
Increased efforts to close the mythical "tax gap,"[25]
A 5 percent tax on cosmetic surgery and similar procedures such as Botox treatments, tummy tucks, and face lifts,[26]
A tax on drug companies,[27]
An increase in the corporate tax on providers of health insurance,[28] and
A $500,000 deduction limitation for the compensation paid by health insurance companies to their officers, employees, and directors.[29]

I know that the first two, at least, are not indexed for inflation.