Obamacare tax hikes
Here is a little known fact about the Affordable Care Act (Obamacare): As of Jan. 1, the threshold for deducting medical expenses on your income tax return increased from 7.5 percent to 10 percent of adjusted gross income for nearly everyone. Seniors 65 and older get a reprieve for three years.
It's interesting that almost every article I've read on the Obmacare tax increases fails to mention this tax increase that will hit the "middle class" the hardest. Then again, Nancy Pelosi did say, "We have to pass the bill so that you can find out what is in it."
Stephen W. DeFilippis
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