Not me that is for sure.
The Obamacare Individual Mandate Tax which hits 8 million Americans each year.
I have MS mandate or no I need insurance
The Obamacare Employer Mandate Tax Together with repeal of the Individual Mandate Tax repeal this is a $270 billion tax cut.
The company I work for has less than 20 employees. No affect.
Obamacare's HSA withdrawal tax. This is a $100 million tax cut.
With MS HDHP with HSA is a waste, my expenses are so high I have no chance to invest in an HSA.
Obamacare's 10% excise tax on small businesses with indoor tanning services. This is a $600 million tax cut.
Don't use tanning salons and the company I work for does not provide a tanning bed or tanning services.
The Obamacare health insurance tax. This is a $145 billion tax cut.
I'll be honest not sure. If this is the Cadillac plan tax then no affect. If it is something else maybe?
The Obamacare 3.8% surtax on investment income. This is a $172 billion tax cut.
My investment is my house so no affect.
The Obamacare medical device tax. This is a $20 billion tax cut.
This is the first year it kicked in and not using any medical devices so no benefit.
The Obamacare tax on prescription medicine. This is a $28 billion tax cut.
I'm on one brand name drug but without protection for pre-existing conditions I won't be able to afford it so getting rid of this tax would in theory help me but under the current framework proposed will not.
Obamacare's Medicine Cabinet Tax which hits 20 million Americans with Health Savings Accounts and 30 million Americans with Flexible Spending Accounts. This is a $6 billion tax cut.
No HSA or FSA
Obamacare's Flexible Spending Account tax on 30 million Americans. This is a $20 billion tax cut.
Obamacare's Chronic Care Tax on 10 million Americans with high out of pocket medical expenses. This is a $126 billion tax cut.
With the plan I have I don't qualify but if I have to pay out of pocket I might see a tax cut from this, however hardly a win. Paying 15k a year with no tax cut is certainly better than paying 96k a year with a tax cut.
The Obamacare tax on retiree prescription drug coverage. This is a $2 billion tax cut.
Could help my father-in-law but not me.
So I might see maybe 10k in tax savings if I can come up with the 100k in medical expenses it will cost me without insurance. VS currently 15k in expenses and 10k in extra costs. I fail to see how 75k more a year (when my income is 60k) is a win. Ultimately though I won't even see the 10k since I won't have the money to get the care I need and most of the tax savings would be based on spending more money.