The Affordable Health Care Act has a number of provisions to make it "balance", in addition to taking $500 billion from Medicare [which of course must be paid for later; a bogus non-source of spending reduction!!!].
The President is currently lobbying for charging more taxes to the ultra rich.
If he is successful, he will add to the already-in-law taxes added via the health act, to start in 2013. Singles with income above $200,000 and marrieds above $250,000 must pay an additional 3.8% of income taxes above that level, plus they must pay an additional extra Medicare tax of .9%.
That's a 4.7% increase in tax rates - and not just to the ultra-rich!
Despite the arguments on both sides, I thought it reasonable to point these facts out for the people in the US.
The Rational NonPolitician
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