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  1. That’s not the only tax increase the middle class isn’t going to avoid plus the one I mentioned yesterday about having your employer’s contribution for health insurance as taxable income.

    On top of that $1000+ tax increase will be a second devastating one for those who are laboring under a heavy load of annual medical bills. The 7.5% AGI medical deduction is going up in 2013 to 10%. So for a family making $100k AGI, that’s $2500 more that’s disallowed for those with large medical bills.

    That’s another significant screw you tax from Obama.

    Comment by dscott — December 19, 2012 @ 3:02 pm

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