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Adam Radman and Ryan Ellis

IRS Obamacare Power of the Day: Pill Tax


Posted by Adam Radman and Ryan Ellis on Friday, August 2nd, 2013, 5:06 PM PERMALINK


Throughout the summer, Americans for Tax Reform will be highlighting the most outrageous new powers that the IRS will have under the Obamacare law.  According to a report from GAO, the IRS is tasked with nearly four dozen new powers under that law.  Each day, one will be selected for a brief review.

American manufacturers of prescription medicines will have to pay a new tax to the IRS based on how many life-saving medicines they sold.

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IRS Obamacare Power of the Day: Charitable Hospital Tax


Posted by Adam Radman and Ryan Ellis on Friday, August 2nd, 2013, 9:34 AM PERMALINK


Throughout the summer, Americans for Tax Reform will be highlighting the most outrageous new powers that the IRS will have under the Obamacare law.  According to a report from GAO, the IRS is tasked with nearly four dozen new powers under that law.  Each day, one will be selected for a brief review.

Obamacare imposes a new tax on the work of charitable hospitals.

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IRS Obamacare Power of the Day: Special Needs Kids Tax


Posted by Adam Radman and Ryan Ellis on Thursday, August 1st, 2013, 11:21 AM PERMALINK


Throughout the summer, Americans for Tax Reform will be highlighting the most outrageous new powers that the IRS will have under the Obamacare law.  According to a report from GAO, the IRS is tasked with nearly four dozen new powers under that law.  Each day, one will be selected for a brief review.

The 30 - 35 million Americans who use a pre-tax Flexible Spending Account (FSA) at work to pay for their family's basic medical needs face a new Obamacare cap of $2,500. This will squeeze $13 billion of tax money from Americans over the next ten years. (Before Obamacare, the accounts were unlimited under federal law, though employers were allowed to set a cap.) Now, a parent looking to sock away extra money to pay for their family’s medical needs will find themselves quickly hitting this new cap, meaning they would have to pony up some or all of the cost with after-tax dollars. 

Obamacare imposes, for the first time, a $2500 cap on annual workplace flex account (FSA) deferrals. There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children.  There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education.  Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education

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IRS Obamacare Power of the Day: HSA Seizures


Posted by Adam Radman and Ryan Ellis on Wednesday, July 31st, 2013, 11:58 AM PERMALINK


Throughout the summer, Americans for Tax Reform will be highlighting the most outrageous new powers that the IRS will have under the Obamacare law.  According to a report from GAO, the IRS is tasked with nearly four dozen new powers under that law.  Each day, one will be selected for a brief review.

Obamacare raises the surtax on non-health HSA withdrawals from 10% to 20%.  As a result, a non-health withdrawal from an HSA could carry an effective tax rate of over 60%.

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IRS Obamacare Power of the Day: Medicine Cabinet Tax


Posted by Adam Radman and Ryan Ellis on Thursday, July 25th, 2013, 9:25 AM PERMALINK


Throughout the summer, Americans for Tax Reform will be highlighting the most outrageous new powers that the IRS will have under the Obamacare law.  According to a report from GAO, the IRS is tasked with nearly four dozen new powers under that law.  Each day, one will be selected for a brief review.

Thanks to Obamacare, you can no longer buy non-prescription, over-the-counter medicines with your health savings account (HSA) or workplace flex account (FSA).

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IRS Obamacare Power of the Day: 40% Tax on Health Insurance


Posted by Adam Radman and Ryan Ellis on Tuesday, July 23rd, 2013, 1:30 PM PERMALINK


Throughout the summer, Americans for Tax Reform will be highlighting the most outrageous new powers that the IRS will have under the Obamacare law.  According to a report from GAO, the IRS is tasked with nearly four dozen new powers under that law.  Each day, one will be selected for a brief review.

Obamacare imposes a new 40 percent excise tax on high cost or “Cadillac” health insurance plans, effective in 2018. This tax increase will most directly affect union families and early retirees, who are likely to be covered by such plans.

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IRS Obamacare Power of the Day: Ivory Tower Subsidy


Posted by Adam Radman and Ryan Ellis on Friday, July 19th, 2013, 9:20 AM PERMALINK


Throughout the summer, Americans for Tax Reform will be highlighting the most outrageous new powers that the IRS will have under the Obamacare law.  According to a report from GAO, the IRS is tasked with nearly four dozen new powers under that law.  Each day, one will be selected for a brief review.

Obamacare provides a tax-free grant to pointy-headed intellectuals to study health care.

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IRS Obamacare Power of the Day: Medicare Cuts


Posted by Adam Radman and Ryan Ellis on Wednesday, July 17th, 2013, 1:43 PM PERMALINK


Throughout the summer, Americans for Tax Reform will be highlighting the most outrageous new powers that the IRS will have under the Obamacare law.  According to a report from GAO, the IRS is tasked with nearly four dozen new powers under that law.  Each day, one will be selected for a brief review.

The IRS has to tell the Medicare program how much income current seniors make.  The reason?  So current seniors can face a Medicare benefit cut and pay more for their prescription medicines.

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IRS Obamacare Power of the Day:Thought Crime Tax


Posted by Adam Radman and Ryan Ellis on Monday, July 15th, 2013, 9:56 AM PERMALINK


Throughout the summer, Americans for Tax Reform will be highlighting the most outrageous new powers that the IRS will have under the Obamacare law.  According to a report from GAO, the IRS is tasked with nearly four dozen new powers under that law.  Each day, one will be selected for a brief review.

If you claim a tax deduction or credit and the IRS thinks you did so merely to reduce your tax liability (Heaven forfend), the IRS is empowered under Obamacare to disallow your perfectly-legal tax strategy.

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IRS Obamacare Power of the Day: 28 Hour Work Week


Posted by Adam Radman and Ryan Ellis on Tuesday, July 9th, 2013, 9:30 AM PERMALINK


Throughout the summer, Americans for Tax Reform will be highlighting the most outrageous new powers that the IRS will have under the Obamacare law.  According to a report from GAO, the IRS is tasked with nearly four dozen new powers under that law.  Each day, one will be selected for a brief review. 

Obamacare imposes a costly mandate on employers, too.  In order to avoid being sucked into the Obamacare net, many employers are restricting the average work week to less than 30 hours.

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