Taxes

Insurance Companies Share Same Bed with Obamacare

Obamacare Tax

I’m all for capitalism and entrepreneurs but I’m not for crony capitalism and favors by big government to large corporations with executives who couldn’t start a small business on their own.

It’s easy to pay your way to the top if you get in bed with the slime bags in government and the Obama regime.

Establishment Republicans are as guilty as Democrats when it comes to getting cozy with big donors.

Insurance companies for the most part were all in for Obamacare as they presumed a huge boat load of new customers would make their way to their doors via Healthcare.gov, the Obamacare website full of crashes and bugs and attached to the word “FAIL.”

The government, especially under Obama, is quietly setting up new laws and regulations outside of Congress and the legislative body. We also have Obama executive orders taking on a life like never before. We are engulfed in a slide to tyranny by Obama and his ilk in their efforts to bypass the Constitution. They’re making up the rules as they go along.

And surprise, surprise, 2014 is bringing new taxes that you won’t typically see, one’s your tax accountant or tax software package won’t point out to you. Don’t be fooled by words like “fees” because that money is going into the general fund and being spent on goodies like entitlements. Those are still taxes merely under a different name.

In fact, Blue Cross Blue Shield of Alabama, laid bare the taxes on its bills with a separate line item for “Affordable Care Act Fees and Taxes.” Let’s take a quick look at how you’re being taxed on your “Affordable” health care.” You won’t find that label on your tax forms.

  • 2 percent levy on every health plan (notice “levy” not “tax.”
  • $2 fee per policy that goes into a new medical-research trust fund called the Patient Centered Outcomes Research Institute.
  • Insurers pay a 3.5 percent user fee to sell medical plans on the HealthCare.gov Web site.
  • 2.3 percent medical-device tax that will inflate the cost of items such as pacemakers, stents and prosthetic limbs.
  • that former 7.5% medical deduction is jumping to 10% of your annual income.
  • individual tax filers earning more than $200,000 and families earning more than $250,000 will pay an added 0.9 percent Medicare surtax on top of the existing 1.45 percent Medicare payroll tax.
  • there’s an extra 3.8 percent Medicare tax on unearned income, such as investment dividends, rental income and capital gains.

And with American’s busy preparing for Christmas the government is claiming 2 million visitors to their pathetic website and nearly 250,000 calls to call centers the day before Christmas Eve. Of course there’s no proof these numbers are accurate. Most likely theses statistics are inflated in one more attempt to get people to sign up for the government, socialist healthcare program.

Keep in mind, the insurance companies are fully aware of the taxes, levy’s and fees but mum’s the word. Most insurers are quietly passing these additional costs on to unsuspecting taxpayers while they continue to lobby their pals in big government for a tax break.

Health care insurance is a double-edged sword with big government on one blade and insurance companies on the other. Beware, you’re about to have big chunks of your income further sliced away.

In addition to the fees I provided above here’s a full list of “fees and taxes” attributed to Obamacare:

Health Care Reform Insight: Taxes and Fees under the Affordable Care Act (Pdf.)

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Posted by Don Anastas - December 26, 2013 at 12:54 pm

Categories: Health Care, Politics, Taxes, U.S. Constitution   Tags: , , ,

Tax Breaks for Illegal Immigrants – Benefit Cuts for Veterans

Tax Credits Illegal Immigrants

Yes, the title of this post is disturbing but true and all brought to you by the bureaucrats in Washington DC, those elected officials who see themselves as the end all to fairness and balance in a Constitutional Republic deemed unfair.

Yes, the elected self-anointed elitists will fix what they think is broken even if the people who put them in office are against it. These arrogant misfits don’t care what you think, they are the almighty powerful who know better.

Many of us are discovering a nice little loophole in the tax code that will help you if you’re a lawbreaking illegal immigrant and it will even allow you to use the law to break the law further. Only in America can you receive such benefits and opportunity. What a country who is so generous to provide for someone who broke into the land of the free, home of the brave. But wait, did I say “home of the brave” as in Veterans who served the country for 20 or more years, many in war who came home physically or emotionally damaged?

I missed this one but in 2011 the Treasury Inspector General for Tax Administration found that “individuals who are not authorized to work in the United States” and therefore did not have a valid Social Security number were still able to obtain billions in Additional Child Tax Credits by filing returns with an Individual Taxpayer Identification Number (ITIN).

Specifically the Internal Revenue Service watchdog found that unauthorized individuals received $4.2 billion refundable credits in Processing Year 2010.

Republicans voted for Paul Ryan’s budget deal that already cuts Veteran benefits while Ryan says they are still at the working age. Who is he to tell Veterans they must work after serving 20+ years in service? Who is Ryan, the alleged Conservative, telling Veterans they must work in a job that may very well not pay what they were earning in their last years of service? Republicans in the House voted overwhelmingly to pass the new budget regardless of cuts to the military and some Republicans in the Senate voted to end filibuster and allow the budget to be passed. Republicans didn’t wake up until Sen. Jeff Sessions (R-AL) presented an amendment to stop the illegal credits to illegal immigrants and stop further military cuts. They had the chance earlier and couldn’t stop Harry Reid and Democrats from blocking the Session’s amendment.

“Removing this unbalanced treatment of our military retirees ought to be one of the key actions we should take before this legislation moves forward. In fact, greater savings than this can be achieved by passing a legislative fix recommended by the Inspector General of the U.S. Treasury that would stop the IRS from improperly providing tax credits to illegal aliens,” Sessions said.

The report said this loophole wasn’t the intent of Congress but elected officials have done nothing to remedy this travesty until the Session’s amendment was introduced. And all but one Democrat voted to maintain the illegal credits and cut money from Veterans.

Illegal immigrants who can’t get a Social Security number must have an Individual Taxpayer Identification Number (ITIN) when filing required taxes. Yes, illegal yet filing taxes – called your Representative or Senator for an explanation and good luck with that. However, the IRS states in Topic 857:

The ITIN is issued for federal tax purposes only. It does not entitle you to social security benefits, and does not make you eligible for the earned income credit. The ITIN creates no inference concerning your immigration status or your right to work in the United States.

In addition, documents and a photo ID must be provided to receive an ITIN so being illegal doesn’t seem to matter. Go steal several packages of frozen chicken at your local grocery, get caught and see where you end up if you are a US citizen.

Democrats in the Senate voted to provide illegal benefits to lawbreakers and cut benefits to wounded warriors. Patty Murray, who crafted the budget bill with RINO Rep. Paul Ryan of Wisconsin, argued that amendments would jeopardize the carefully crafted bill while Democrats and Republicans could work to find savings in the future. No word from Paul Ryan, he’s out duck hunting at home away from the glare of screwing our Veterans. How do amendments corrupt a bill that is already corrupt?

Not to worry, the fraud is easy to discover with a simple audit of registered ITIN. David North who wrote the watchdog report discovered this when he identified a town in Delaware and another on Virginia’s Eastern Shore with large concentrations of ITIN filers.

Frankford, Del., had one address where 627 ITINs were registered — despite the town having a population of just 862. Parksley, Va., had a single address with 100 ITINs registered, in a town of 847 residents.

Newsflash: The United States of America is for sale. Simply cross the Southern border from Mexico and get your free benefits including healthcare, education, a job or two, and great tax benefits. Why become legal when you’ll have to help pay for the lawbreakers? Don’t enlist for a career in the military however, an elected politician will eventually put the screws to you after the fact.

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Posted by Don Anastas - December 18, 2013 at 11:11 am

Categories: Immigration, Military, National Security, Politics, Taxes, U.S. Constitution   Tags: , , , , , ,

Paul Ryan – Establishment Liar

Paul Ryan Liar

Paul Ryan got his lousy budget deal through the cowardly House of Representatives and he was out Sunday promoting his lie and telling us how you must compromise with the Left (my word not his).

Patty Murray, a West Coast Washington State Progressive, is out singing the praises of Paul Ryan. Nothing like everyone getting in a circle singing Kumbaya while America is placed in a circular firing squad.

Ryan is telling the rest of us how his budget deal will not raise taxes, lowers the deficit and has permanent spending cuts. What he isn’t saying is the new word for TAXES is FEES and those permanent cuts came from the “permanent” sequester cuts that are law.

Further, these so-called cuts take place over ten years and amount to around a measly $23 billion. That’s $2.3 billion a year. Washington will spend nearly $3.5 trillion in 2013 while collecting $2.8 trillion in revenues, resulting in a deficit of $642 billion. So what is $23 billion in cuts going to do? NOTHING!

The big canard for this budget is it will stop any chance of a government shutdown in January 2014. Actually, if government shutdown, except for absolute necessary items, we’d save money and be a little safer from domestic terrorism as provided by our elected officials and permanent political class.

We did have a Budget Control Act with real spending cuts and spending caps passed in 2011. The Ryan-Murray budget bust through these with spending for defense and non-defense domestic programs would be raised by $45 billion in 2014 and by $18 billion in 2015.

Then we’re told that increased spending is offset by reductions elsewhere. Really? We never see those cuts that are proposed to take place years from now but that spending will take place immediately. Revenue to the Treasury is at record levels because of increases in taxes under Obama and private sector businesses that have managed to survive such as in the oil industry.

Ryan keeps calling himself a Conservative. That train left the station without any passengers long ago, particularly when Ryan started promoting immigration reform with Marxist Luis Guiterrez (D-IL). And quietly, behind the scenes, Ryan is busy working on amnesty for lawbreakers.

I’ve been recently challenged to prove Ryan-Murray has any tax increases and thus far I’ve used the word “FEES”. Let’s dig deeper – this budget deal includes “user fees” which will end up in the coffers of the Federal government.

When government decides to spend a dollar, they’ve concluded they will need to tax a dollar. One instance is the new “user fee” on airlines travel. That fee will not go back to the Transportation Security Administration (TSA) but will be deposited in the general fund of the Treasury. When a fee is used for more spending and not for the so-called intended purpose in the agency where the fee is applied this is ultimately a tax.

Bottom Line: Paul Ryan (R-WI) is no Conservative, he’s cutting deals with Leftists in Congress and then lying to the Conservative base as well as America that is the best we can expect. PAUL RYAN HAS BECOME A LIAR – or was it really always this way? Seems that VP candidacy went to his head.

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Posted by Don Anastas - December 16, 2013 at 12:41 pm

Categories: Conservatism, Economics, Govt. Regulation, Politics, Taxes, U.S. Constitution   Tags: , ,

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