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75% of Obamacare taxes will be paid by families making less than $120,000

Via Gateway Pundit, Wall Street Journal economist Stephen Moore studied the massive new Obamatax being used to fund Obamacare and determined that 75% of the cost will be borne by those families making less than $120,000:

But wait.  Moore is obviously cooking the books because Obama promised multiple times that nobody making under $250,000 will see any of their taxes rise … not even by a dime:

Phewwww.  I feel much better now. Surely Obama wouldn’t lie, would he?

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  • HuntingMoose

    Obama was talking about $250.000 Zimbabwe dollars, not US currency

    Or at least, consider the fact that when obamacare is fully implemented, thanks to Obama’s econmic disaster the value of the dollar will be devaluated into oblivion.

    Promise kept? Yes, but not how you think.

  • Norcalo

    Is it a tax?  is it a fine?  Like it makes any difference to the numbers in your checkbook?

    If the government takes the money it’s gone just the same.

    Oh yes, and the private insurance companies, knowing that you have to buy their service (or pay the "tine") are certainly going to give you good service because of that.

    At this point I see the federal government as the enemy of my family.

    • OregonC4P

      And once the Health Care Exchanges are in place, there will be no more Private insurance companies. Then, we will have a complete Communist State run health care system.

  • Lennart Bilén

    What is a couple of trillion dollars tax increase among friends?
    As Obama said: "It is the right thing to do".
    He still believes we must cut down our consumption to that of a third world country to comply with U.N. Agenda 21.
    He needs another four years to accomplish the fundamental transformation of America (to that of a thirld world economy complete with all its corruptions).

    Sarah hou can say it so much better than anyone else.

    Go for it!! Miracles can yet happen

  • Bill Right
  • Patriot41

    One with any common sense, could have easily figured out that the brunt of the costs for Obamacare, would fall on those who have never owned an insurance policy!  Those who make $250k, would already have been well insured to protect what they had.

    It should have also been common sense, to believe that businesses large and small, would drop their health benefits for employees or pay the govt., fines, rather then to continue paying unaffordable health premiums.  This being a normal reaction by business owners, would leave the individual employees in a situation where they would have to purchase their own insurance, whether through a govt., sponsored program or individual insurance agencies.  And just who are these affected employees?  Suffice to say, they are those in the middle and lower class income brackets.  That being the case, who is it that the burden of costs falls upon?

    I find it very hard to believe that the genius running our govt., had not already figured out the results of this onerous law, imposed upon the citizens of this country.  The only reason for this radical change in our healthcare system fostered upon our citizens, was further govt., control over the people.  Now this same govt., will levy even heavier taxes on those who pay their taxes and continue to give freebies to those who do not and will willing vote for the privilege of free healthcare.

  • DocBarry1

    What a farce.

  • carmtom13

    Congressman Wilson was right when he said you lie.

  • 4rcane

    does anyone know if you still have to pay obamacare tax if you don’t work and have no income

  • BrianusBerkleianus


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