The Democrats in Congress and Mr Obama can spin the Obama health care law any way they want to, it’s still not flying with the American people. The American people are smarter than we look, we see right through all their gimmicks and shenanigans. But unless Americans take a stand at the next elections, we will be living in a new America.
Americans Are Smarter Than We Look
The left-winged politicians in Washington DC think they have duped the American people. They think that they have us fooled by their rhetoric and fancy, smooth talk. Their playing us and they think they we don’t know it. The Democrats in Congress and their counterparts in the media twist and spin their messages so far from the truth that it’s actually scary.
I’m The Government, Give Me Your Money
We understand that it will take money, lots and lots of money to pay for all of the promises made by the Democrats in Congress and this President. And we know how these Congressional Democrats get the money to pay for their over promises, from us. They get their money from taxing us.
New Spin: Taxes Aren’t Really About Taking Your Money
These left-winged politicians need money so bad that they are even inventing new tax bases that have never been used before.
Did you know that buried deep within Obama health care is a new tax that will tax your unearned income. Starting on January 1, 2013, Obama health care will hit you with a 3.8% tax on your unearned income. Unearned income will be income that is not W2’d. That sounds non-threatening, right? After all you don’t have any unearned income, right?
Let’s Introduce You To Your Unearned Income
#1 – Homeowners
Every homeowner in America has unearned income. When you sell your single family home, townhouse or condominium you will have unearned income.
So here’s the math of the new unearned income tax….for every $100,000 you will pay the government $3,800 of tax money. For example, if you sell your home for $300,000 you will pay $11,400 in new taxes; taxes which never existed before Obama health care existed.
#2 – Investors
Every one who owns a 401k account has unearned income. When you retire, you will be hit with the normal income tax (because the 401k money was tax deferred) PLUS an extra 3.8% unearned income tax. For example, if your 401k account is valued at $500,000, yep, you will be paying an extra $19,000 in taxes. Welcome to the new America.