The Big Think

September 4, 2013

Toll

Filed under: Politics — jasony @ 2:32 pm

Average Marginal Labor Income Tax Rates under the Affordable Care Act. “The law increases marginal tax rates by an average of five percentage points (of employee compensation), on top of the marginal tax rates that were already present before the it went into effect. The ACA’s addition to labor tax wedges is roughly equivalent to doubling both employer and employee payroll tax rates for half of the population.”

Which is going to be a particularly crushing burden for those of us who are self employed and therefore pay both the employer and employee portions.

Just remember the argument they used: “even if it bankrupts America, we have the moral obligation to provide everyone with health insurance”.

I’m still waiting on the answer to my follow up question: what then?

People who supported this so vocally (both in Washington as well as online) back when it was the big issue of the day are predictably silent about the developing debacle. In some cases it amounts to almost literally whistling past the graveyard. I hope they’re proud of their shortsightedness.

“We have to pass it to find out what’s in it.”

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