Who’s going to pay for health reform’s taxes?

Who’s going to pay for health reform’s taxes?

Here the taxes, who pays them, and when it goes into effect.

Higher Income Individuals & Families
Who pays: About 2.5 million households — individuals making more than $200,000 per year, couples $250,000.
How much: A 0.9 percent Medicare tax on wages above those threshold amounts; an additional 3.8 percent tax on investment income.
When: 2013

Artificial-sun worshippers
Who pays: The 28 million people who visit tanning booths and beds each year — most of them women under 30, according to the Journal of the American Academy of Dermatology.
How much: A 10 percent tax on the price of tanning.
When: Took effect in 2010.

'Cadillacs' coverage
Who pays: Insurance companies or businesses that provide plans with premiums of more than $10,200 per person or $27,500 per family, not including dental or vision coverage.
How much: 40 percent excise tax on any amount of premium that exceeds the threshold.
When: 2018

Health industry
Who pays: Insurers, drug companies, medical device makers. And some of their customers.
How much: More than $165 billion over 10 years
When: Began last year for drug companies; starts in 2013 for device makers, 2014 for insurance companies.
Comment: How will this reduce costs for consumers?

Flexible Spending Accounts
Who pays: People who set aside tax-free savings to pay for health care.
How much: About $33 billion over 10 years
When: Contribution limit begins in 2013.
Comment: if you are big user of these accounts, you will have use after tax dollars for these treaments.

Taxpayers who take write-offs
Who pays: People with big medical or dental bills who itemize deductions.
How much: Taxpayers have to spend more than 7.5 percent of their adjusted gross income on medical care to qualify for a deduction. The threshold will rise to 10 percent. So a household with income of $50,000 would have to spend $5,000 on health care before deducting amounts above that.
When: 2013 (delayed until 2017 for taxpayers age 65 or over)
Comment: Like the Flexible Spending Account reduction, people to use their plans (the sick) are unfortunately losing tax breaks. Why?

Information was obtained from the following article: http://Here the taxes, who pays them, and when it goes into effect. ?