Well? We did warn you!
If the House healthcare bill becomes law, small businesses and the wealthiest, most productive Americans can expect to pay massive new taxes.
The bill also includes hidden fees and “excise” taxes that will fall heavily on the elderly.
Under the Pelosi bill, citizens reporting income over $500,000 and married couples earning more than $1 million would be slapped with a 5.4% surtax on all income above those thresholds.
The Wall Street Journal notes that “after taking into account the expiration of the Bush tax cuts, those people would face a marginal tax rate of 45%.”
Conservative Libertarian Outpost 