As it stands today, tax payers are allowed to deduct any medical expenses that exceed 7.5% of their income. But, now in a new proposed amendment to the health reform bill by Senate Finance Committee Chairman, Max Baucus, and President Obama, that could soon go up.
This amendment, would make it so now, you can only deduct if it exceeds 10%, of your gross income. That is a 2.5% increase. So now sick, poor people, the same Obama and Baucus, and really all the liberals claim to be helping, are now going to have to pay more. Imagine that.
"Eight million Americans are sick enough and poor enough that they have to pay more than 7.5% of their income in medical expenses. And it is these folks that the liberals Obama and Baucus plan to tax! Six million of them earn less than $75,000 a year!" (""Dick Morris)
It is estimated that this would cost a family earning $75,000 a year, who faces out of pocket medical expenses of $7,500 (7.5% of their income) an extra $6,000 in new taxes.
This plan is said to raise 2 billion in revenue a year, by taxing sick people.
Perhaps we should tax Obama and Baucus an extra $6,000 because based on this proposal, they are 'sick' in my book.
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