Okay, so here's the deal. If you are successful enough (and/or insensitive enough, gosh darn it) to earn over $350,000 a year, we've decided to punish you by forcing you to buy insurance coverage not just for yourself but for all the people who are either indigent or for the people who would rather spend their money on other things than all that expensive health coverage. I mean, there are iPhones, right?

And notice by my emphasis below that the 5.4% is only greasing the skids. It will be more. Lots more.

July 15 (Bloomberg) -- House Democrats plan to fund the broadest U.S. health-care expansion in four decades by increasing taxes on the wealthiest Americans, imposing a surtax of 5.4 percent on couples with more than $1 million in income.

The legislation unveiled yesterday would place additional taxes on households with more than $350,000 a year in income and calls for further increases if the measure doesn’t hit a target for cost savings. The provisions are intended to raise $544 billion over 10 years. [emphasis mine]

House Plans to Tax Millionaires to Fund Health Care

Labels: Health, ObamaNation