Plenty of tax hikes and cost-increases in that 10-year plan of Barry's. That's if you believe the numbers he's using--which is foolish--and if you actually believe that the spending will go according to plan, which means you live under a rock.
A sampling of the new burdens, from ATR:
Corporate 1099-MISC information reporting ($17 billion): Requires businesses to send 1099-MISC information tax forms to corporations (currently limited to individuals), a huge compliance burden for small employers
(By the way, that has a few Big Brother implications.)
Apply Medicare tax to unearned income ($334 billion): Would apply the current 2.9 percent Medicare tax rate to unearned income in households earning at least $200,000 or $250,000 married (interest, dividends, capital gains, rent, royalties, and passive investment in pass-throughs like S-corporations and partnerships)
Innovator medicine company tax ($22 billion): $2.3 billion annual tax on the industry imposed relative to share of sales made that year
(And YOU will pay that tax, just like the next two items:)
Medical device manufacturer tax ($19 billion): $2 billion annual tax on the industry imposed relative to shares of sales made that year. Exempts items retailing for <$100. Rises to $3 billion annually in 2017
Health insurance company tax ($60 billion): $10 billion annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2017. Fully-imposed on firms with $50 million in profits
Medical itemized deduction "haircut" raised from 7.5 to 10 percent of AGI ($15 billion)
That last one will virtually eliminate the medical deduction for the vast majority of people.
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