ObamaCare Taxes for Individuals: What You Need to Know!

Taxes, Fees & Penalties in the Affordable Care Act

A Guide to the 10 taxes, fees, & penalties affecting Individuals

Who Should Read This Book?

Anyone looking for a fairly comprehensive guide for each tax-related item of ObamaCare affecting individuals.

Benefits of Reading This Book

This book provides the reader with an understanding of how an Affordable Care Act tax issue may affect an individual. It explains who may suffer financially, specifies the related calculations, and gives examples.

• You will learn the dates a tax, penalty or fee will go into effect or has gone into effect.
• You can follow the book's sources of information to the text of legislation, related IRS rules and regulations, and other published government information.
• If you need professional assistance, you can use this book as a guide for discussions with your tax adviser.

Learn about 10 items that will apply to many individual taxpayers:

• Additional Medicare Tax for people with high incomes.
• 4 items negatively affecting individuals participating in Health Flexible Spending Arrangements. One item has been referred to as the Special Needs Kids Tax.
• The controversial Individual Mandate Tax , which also is known as the Individual Shared Responsibility Payment.
• Reduction in the amount of medical expenses that can be deducted in your tax return.
• A new 3.8% tax on Net Investment Income for people with high incomes.
• Application of the Economic Substance Doctrine
• Elimination of the Retiree Drug Subsidy