What will it cost Americans?
If your average yearly income is:
Health care tax penalty (for not subscribing to health care, you get fined): $2,000
Federal income tax on wages: $16,187
NY state income tax: $5,083
Misc taxes: $5,210
35.48% of income to taxes
Federal income tax: $$79,191
NY state tax: $19,976
Healthcare tax hike (courtesy of the Dems): $2,850
Misc taxes: $13,237
40.44% of income to taxes
Couple earning $1.5 million
Federal income tax: $455,153
NY state tax: $125,153
Healthcare tax hike of 5.4%: $81K
(fork over a whopping!!)56.92% in income taxes
If Obamacare is passed, 39 states would exceed 50% of peoples income going toward paying for taxes.
The list of reason to vote again this is huge.
Is there anyone who believes this is a good idea?