President Obama is planning to recdue the cost of medical care by taxing it!So how many “not one dime” of taxes is that exactly?Codification of the “Economic Substance Doctrine” (Page 349): Empowers the IRS to disallow a perfectly legal tax deduction or other tax relief merely because the IRS deems that the motive of the taxpayer was not primarily business-related.Oh, yes, your kind compassionate and sensitive IRS Agent…Individual Mandate Surtax (Page 296): If an individual fails to obtain qualifying coverage, he must pay an income surtax equal to the lesser of **2.5 percent** of modified adjusted gross income (MAGI) or the average premium. MAGI adds back in the foreign earned income exclusion and municipal bond interest.“If you want a vision of the future, imagine a boot stamping on a human face – forever.”– George Orwell
President Obama is planning to recdue the cost of medical care by taxing it!So how many “not one dime” of taxes is that exactly?Codification of the “Economic Substance Doctrine” (Page 349): Empowers the IRS to disallow a perfectly legal tax deduction or other tax relief merely because the IRS deems that the motive of the taxpayer was not primarily business-related.Oh, yes, your kind compassionate and sensitive IRS Agent…Individual Mandate Surtax (Page 296): If an individual fails to obtain qualifying coverage, he must pay an income surtax equal to the lesser of **2.5 percent** of modified adjusted gross income (MAGI) or the average premium. MAGI adds back in the foreign earned income exclusion and municipal bond interest.“If you want a vision of the future, imagine a boot stamping on a human face – forever.”– George Orwell