Health Insurance Daily

JCT: Healthcare Law To Sock Middle Class With A $3.9 Billion Tax Increase In 2019

Taxpayers earning less than $200,000 a year will pay roughly $3.9 billion more in taxes — in 2019 alone — due to healthcare reform, according to the Joint Committee on Taxation, Congress's official scorekeeper.
The new law raises $15.2 billion over 10 years by limiting the medical expense deduction, a provision widely used by taxpayers who either have a serious illness or are older.

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posted by Mike @ 12:09 PM