Here’s a list of 13 tax increases which began on January 1, 2013:
1.) Payroll Tax
2.) Top Marginal Tax Rate
3.) Phase out of personal exemption
4.) Phase out of itemized deductions
5.) Tax rate on investments
6.) Death Tax
7.) Taxes on business investment
Tax Increases Due to Obamacare:
8.) Another investment tax increase
9.) Another payroll tax hike
10.) Medical device tax
11.) Reducing the income tax deduction for individual’s medical expenses
12.) Elimination of the corporate income tax deduction for expenses related to Medicare Part D
13.) Limitation of the corporate income tax deduction for compensation health insurance companies pay to their executives.
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