Five major ObamaCare taxes that will hit your wallet in 2013

While the individual mandate tax gets most of the attention, the ObamaCare law actually contains 20 new or higher taxes on the American people. These taxes are gradually phased in over the years 2010 (with its 10 percent “tanning tax”) to 2018 (when the tax on comprehensive health insurance plans kicks in.)

Six months from now, in January 2013, five major ObamaCare taxes will come into force:

1. The ObamaCare Medical Device Manufacturing Tax

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2. The ObamaCare High Medical Bills Tax

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3. The ObamaCare Flexible Spending Account Cap

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4. The ObamaCare Surtax on Investment Income

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5. The ObamaCare Medicare Payroll Tax increase

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As you can understand, there is a reason why the authors of ObamaCare wrote the law in such a way that the most brutal tax increases take effect conveniently after the 2012 election. It’s the same reason President Obama, congressional Democrats, and the mainstream media conveniently neglect to mention these taxes and prefer that you simply “move on” after the Supreme Court ruling.

(Excerpt) Read more at foxnews.com …

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