Wednesday, January 01, 2014

These 13 Tax Increases Hit in 2013

These 13 Tax Increases Hit in 2013:
"Before you review the list below, put these two on your watch list for 2014:
Obamacare’s individual mandate.
Beginning in 2014, it’s mandatory to purchase health insurance.
If you don’t, you’ll pay a penalty that dramatically increases over time.
It starts at $95 or 1 percent of your income (whichever is greater).
It rises to $325 or 2 percent of income in 2015, and $695 or 2.5 percent of income in 2016.
Obamacare tax on insurance companies.
If you liked seeing your premiums go up, you’ll love this new tax on health insurers—which they are most likely to pass on to you."

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