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Re: Supreme Court Upholds Health Care Mandate
Quote:
Originally Posted by Slingin Sammy 33
- Currently, Americans are allowed to deduct medical expenses on their 1040 form to the extent the costs exceed 7.5 percent of one’s adjusted gross income. The new ObamaCare provision will raise that threshold to 10 percent, subjecting patients to a higher tax bill. This tax will hit pre-retirement seniors the hardest. Over the next ten years, affected Americans will pony up a minimum total of $15 billion in taxes thanks to this provision.
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...we are allowed but how many hit it?Point is if it 7.5 or 10% I haven't hit it or would have hit it in the last 10 years,THIS WILL NOT EFFECT ME.I am a pre retirment senior,these numbers are thrown out but in reality ....noone knows.If I or the Mrs get sick (God forbid) then yes I might have a higher % to hit but the bill would be smaller and that is what all the anti Obama chicken littles are afraid of that Joe Public will find out.
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