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The Real Impact of Obamacare Taxes

By , Contributing Writer, Money Morning -

The Affordable Care Act is going to cost everyone thanks to a slew of Obamacare taxes.

The Affordable Care Act is primarily aimed at decreasing the number of uninsured Americans and reducing the overall costs of health care. Those who think the law won't change much about their healthcare or finances don't realize they'll likely be paying for it.

That's why Republicans are focused on striking down Obamacare should they nab a presidential victory in Election 2012. They claim that the taxes involved to pay for Obamacare will crush the middle class and most U.S. taxpayers, as well as trigger job losses in affected industries.

Republicans also harp on the fact that President Obama said he would not raise taxes.

"This bill was built with smoke and mirrors to hide the impact of the trillions of dollars of new entitlement spending," House Budget Committee Chairman Paul Ryan, R-WI, said in a statement last Tuesday.

Here's a glimpse at what those Obamacare taxes will do to the country.

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