Obamacare Tax Hikes: One Down, Twenty to Go

President Obama on Thursday signed into law the first repeal of an Obamacare tax hike: the 1099 small business paperwork tax. This Obamacare tax would have required every business in America to issue a “1099” tax form to every office supply store, gas station, restaurant, etc. from which they bought at least $600 in goods and services throughout the year.

The President’s signature on 1099 repeal means that there are now 20 new or higher taxes left in the Obamacare law, down from the original 21 tax hikes. Taken together, these constitute one of the largest tax increases in American history. Seven of the remaining tax hikes hit families making less than $250,000 per year, in direct violation of President Obama’s campaign promise not to raise “any form” of taxes on these families.

Below is the total list of all $500 billion-plus in tax hikes (over the next ten years) remaining in Obamacare, where to find them in the bill, when they will take effect, and how much your taxes will go up....... Read more