Health Wars (All-Hallows Eve Eve Edition)

Beware....

Or, if you're not into cheezy horror genre theatrics, you can always wade down the list of new taxes in House BarryCare:

• Employer Mandate Excise Tax (Page 275): If an employer does not pay 72.5% of a single employee’s health premium (65% of a family employee), the employer must pay an excise tax equal to 8% of average wages.  Small employers (measured by payroll size) have smaller payroll tax rates of 0% (<$500,000), 2% ($500,000-$585,000), 4% ($585,000-$670,000), and 6% ($670,000-$750,000).
• Individual Mandate Surtax (Page 296): If an individual fails to obtain qualifying coverage, he must pay an income surtax equal to the lesser of 2.5% of modified adjusted gross income (MAGI) or the average premium.  MAGI adds back in the foreign earned income exclusion and municipal bond interest.
• Medicine Cabinet Tax (Page 324)
• Cap on FSAs (Page 325)
• Increased Additional Tax on Non-Qualified HSA Distributions (Page 326)
• Denial of Tax Deduction for Employer Health Plans Coordinating with Medicare Part D (Page 327)
• Surtax on Individuals and Small Businesses (Page 336)
• Excise Tax on Medical Devices (Page 339)
• Corporate 1099-MISC Information Reporting (Page 344)
• Delay in Worldwide Allocation of Interest (Page 345)
• Limitation on Tax Treaty Benefits for Certain Payments (Page 346)
• Codification of the “Economic Substance Doctrine” (Page 349)
• Application of “More Likely Than Not” Rule (Page 357)

$540 BILLION in new taxes, or so Crazy Nancy projects.  In, you know, the worst recession in seventy years, which is, contrary to laughable ObamaHouse psychops, is far, far from over.

You want a real Halloween mask tomorrow evening?  Try this one on for size....

I wet my pants after the IRS disallowing legal medical deductions on an ex post facto basis....