A new report from USA TODAY has found a majority of taxes and fees associated with the Patient Protection and Affordable Care Act will mostly impact upper-class Americans.
USA TODAY analyzed federal data and the healthcare law, finding that the law is projected to add more than $800 billion in taxes, fees and penalties to the federal budget over the next decade.
However, 40 percent of that amount will come from 3.5 million households that have adjusted gross incomes higher than $200,000. Employers, health insurers, medical device manufacturers and other healthcare providers are expected to bear most of the remaining amount, according to the report.
The taxes that will affect middle-income taxpayers include the individual mandate, which is expected to impact 4 million people across all income brackets, as well as flexible health spending account limits and new regulations regarding the deduction of medical expenses.
USA TODAY analyzed federal data and the healthcare law, finding that the law is projected to add more than $800 billion in taxes, fees and penalties to the federal budget over the next decade.
However, 40 percent of that amount will come from 3.5 million households that have adjusted gross incomes higher than $200,000. Employers, health insurers, medical device manufacturers and other healthcare providers are expected to bear most of the remaining amount, according to the report.
The taxes that will affect middle-income taxpayers include the individual mandate, which is expected to impact 4 million people across all income brackets, as well as flexible health spending account limits and new regulations regarding the deduction of medical expenses.
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