266 Reasons Why Hypocrite Politicians and Unions that Support Obamacare want to be Exempt from it

61) Obamacare gives people an annual tax increase of up to $12,214 for earning one more dollar of income

In front of the U.S. Supreme Court, the Obama administration argued that Obamacare is a tax.

Obamacare gives some people a tax increase if they increase their income by one dollar. The amount of this tax increase depends upon the person’s age, income, and marital status.

According to the Obamacare calculator, the extreme case of this occurs with a 64-year-old married couple with a combined income of $62,041. Under this scenario, according to the Obamacare calculator, Obamacare gives them an annual tax increase of $12,214 when their income increases by one dollar, in the case of their income going from $62,040 to $62,041.

This amounts to a marginal tax rate of 1,221,400%. That’s not a typo – the marginal tax rate on that one dollar of additional income is more than one million per cent.

Read more at http://freedomoutpost.com/2014/04/266-reasons-hypocrite-politicians-unions-support-obamacare-want-exempt/#mOYVSEaml8rOJO5e.99

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