If You Walk, We'll Tax Your Feet

The break down of Obama's own Obamacare bill is beginning to expose what's in it. He's taken the worse of both the Senate and House bills, added a few $Billion in costs, and increased taxes to everything except the air you breathe. He'll get to that with his energy bills.

Have a mortgage? It'll be taxed. Have rent? It'll be taxed. Paying for Medicare? It'll be taxed. Have a payed off mortgage? It'll be taxed.

From the White House summary:
“Under current law, workers who earn a salary pay a flat tax of 1.45 percent of their wages to support the Medicare Hospital Insurance (HI) trust fund, but those who have substantial unearned income do not, raising issues of fairness.” “The Act will include an additional 0.9 percentage point Hospital Insurance tax for households with incomes exceeding $200,000 for singles and $250,000 for married couples filing jointly. In addition, it would add a 2.9 percent tax for such high-income households to unearned income including interest, dividends, annuities, royalties and rents (excluding income from active participation in S corporations).”

There are lots of vids and audios of Obama saying that no taxes will be increased for anyone earning under $250,000. Bush lied! oooops...wrong guy....

Because the Dems and Obama's economic and anti-business policies, we're facing a shortfall of about $54 Trillion in tax revenue to pay for his new Obamacare with all the other stuff. That's means your personal liability to pay for this is $184,000. That's everyone. Not everyone has a job, and as we know the more government takes money from the people actually doing the work to give to those not doing the work, there will be more and more people not doing the work. Many more will become members of the Drone Force of government employees. So if you have a job, to pay for your own health care and the drones healthcare, and all the other stuff, your personal liability will be $435,000. You got an extra half million bucks layin' around? Got kids? They'll be owing more than that by the time they enter the workforce, unless they become a drone.

By the way, your 401K or any other pension plan you have becomes taxable too. Have a savings account? Taxable.

To pay for Social Security, Medicare, Medicaid and interest on the debt, you'll have to get rid of the Army and the Navy.

Does this scare the **** out of you?

More analysis and detail here.