The new tax on January 1,, to help finance the President Obama's health-care reform. Most people probably won't notice. But they will notice, if congress decided to start for tax employer health insurance, one of the options in the game, if lawmakers are couldn't come to an agreement, in order to reduce the federal deficit budget agreement.
The tax increases have books, went into effect in 2013, mainly falls on who make a lot of money, in the health care industry. But, about half of americans benefit from tax exemption status of the employer's health insurance. Workers pay no income or payroll taxes, for their employers help health insurance, in most cases belong to my own share of the premium.
This is the government allowed by the largest single tax relief, more than the mortgage interest deduction, the deduction charity donation and other more famous interests. Work based medical insurance value, if like ordinary income tax, it will improve in 2013 to nearly $15 billion in revenue, according to the estimation of congress. In comparison, wipe the mortgage interest deduction, will bring about $9 billion.
"If you're looking for increasing income, to pay tax reform, this is the biggest pot, all of the money," said chief economist Martin Sullivan, and tax analysts, a non-partisan tax information publishers.
This is rare lawmakers how to avoid contact with health insurance, if they want to plug up loopholes, and limit the deduction, so as to improve income and tax rate reduction. The United States congress may not do and health care tax relief, but in some form limit. The restrictions can type a specific health insurance plan, the income level of tax payers, or combination of the cost.
Many economists believe that some form of limit will be a good thing, because it will force consumers see cost, but also can help keep in check health care spending. Obama's medical method a high value health insurance plan tax tentative step limit. But, it doesn't start until 2018.
Next spring, will be more than three years since the United States congress passed the medical reform, but because a long stage, a lot of tax to aid plan now to take effect. Medical insurance spending cuts, and help pay for no insurance coverage has come into effect, but they also staggered. The main advantage, coverage for 300000 no insurance, will need a long time. It doesn't start until January 1, 2014.
The biggest increase taxes, from hygiene have a bit of mystery. The law requires "medical insurance contribution", but have no income of medical insurance trust fund. Instead, it focuses on the government's fund, health clinic prescription costs, pay most of the share, but also covers the most other things, the government to do.
The new tax is imposed a 3.8% return on investment, it is suitable for people more than us $200000 or more than $250000 married couples. Is expected to raise $12.3 billion, from 2013-2019, and its other taxes investment income. And it is suitable for housing sales profit, the vast majority of the seller will not have worry, because another law, allowing individual shielding up to $250000 in revenue from tax, their home. (married couples can eliminate up to $500000 in housing sales income).
Investors have to take measures to avoid tax, sell assets, the first effect. Complex investment tax influence, if barack Obama and republican cannot avoid automatic plus tax, is expected to the end of the year, if there is no budget agreement.
According to the health hygiene January 1,, high earners will face another new tax. This is an additional medical insurance 0.9% of wage income tax of more than us $200000 or $250000 individual couple. The medical insurance trust fund.
Donald Malone, non-partisan tax policy, director of the center for hygiene and tax, medium, by historical standards. Center, the relevant tax issues a joint project, Brookings Institution (Brookings Institution) and Urban Institute (Urban Institute), provides in-depth analysis.
They also indicate the current debate about raising taxes on high income people. "This is the President won, and raise taxes on high income people example," Karl said. "They what happens."
Other health hygiene, increase tax year 1st January:
- 2.3% of the sales tax on medical equipment to hospitals and doctors. The industry is trying to delay or abolished tax, he said this will lead to the loss of jobs. Some economists say, manufacturers should be able to put most of the cost.



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