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Medical Devices

How much will ObamaCare cost you in taxes?

On this April 15, filers and accountants alike are finding a new array of taxes resulting from the president’s health care legislation. These include at least 20 ObamaCare-related tax increases totaling  $409 billion over the next ten years, according to the Joint Committee on Taxation.The new taxes are especially irksome to ObamaCare opponents, because they are imposed by a law that passed on a straight party-line vote and are being enforced by an agency that some accuse of party favoritism."I think it's rather unfortunate that the IRS has this huge role in the Affordable Care Act because it's always controversial," said Mark Everson, a former IRS Commissioner. "Then, to tie it up with this very controversial domestic law, it just makes the job tougher," he said."I think you can take issue with the way ACA was paid for. But, the fact of the matter is, it’s sustainable over the long run," said Yvette Fontenot , a former Senior Policy Director at the White House Office of Health Reform....

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