Source+8

Sahadi, Jeanne. "Supreme Court: Mandate penalty is tax."

@http://money.cnn.com/2012/06/28/pf/taxes/health_reform_new_taxes/index.htm.

28 June 2012. Web. 7 Sept. 2012. __Facts__ > > 14.The dollar amounts for a single adult would be $95, $325 and then $625 during that same time period.. > 15.Starting next year, high-income individuals will pay another 0.9 percentage points on their earned income over $200,000 ($250,000 if married). That's on top of the 1.45% they currently pay on all of their wages.
 * 1) "The federal government does not have the power to order people to buy health insurance," Chief Justice John Roberts wrote for a divided court. "The federal government does have the power to impose a tax on those without health insurance."
 * 2) The mandate goes into effect in 2014 and is just one of the provisions that will help pay for the Affordable Care Act. The law will subsidize coverage for low- and middle-income Americans and expand eligibility for Medicaid. The federal government is set to spend more than $1 trillion over the next decade to do so.
 * 3) There are also a slew of spending cuts as well as other taxes and fees that will be paid by health sector companies and hospitals; employers and consumers.
 * 4) Starting in 2013, many individuals making more than $200,000 a year ($250,000 if married) will start paying more into Medicare.
 * 5) The health reform law changes the Medicare tax in two ways: It adds a surtax on wage income above a certain level, and it creates a new Medicare tax on investment income.
 * 6) Some high-income households will only be subject to one of those changes, and some will be subject to both.
 * 7) Starting next year, high-income individuals will pay another 0.9 percentage points on their earned income over $200,000 ($250,000 if married). That's on top of the 1.45% they currently pay on all of their wages.
 * 8) Starting in 2013, the tax-deductible amount a worker may contribute to a flexible spending plan will be set at $2,500 and adjusted for inflation thereafter. Currently there is no official limit, but employers set one for each plan.
 * 9) Currently, if your medical expenses exceed 7.5% of your adjusted gross income, you may deduct the amount above 7.5%.
 * 10) Starting in 2013, the tax-deductible amount a worker may contribute to a flexible spending plan will be set at $2,500 and adjusted for inflation thereafter.
 * 11) The health reform law imposed a 20% penalty for the use of a health spending account to pay for non-qualified expenses.
 * 1) Starting next year, however, you will only be allowed to deduct the amount above 10% of AGI. That increase, however, is waived for tax years 2013 through 2016 for anyone 65 and older
 * 2) 12.Roughly 60% of large employers -- those with more than 500 employees -- believe their plans would trigger the tax unless they take action to avoid it, according to a 2011 survey by Mercer, a human resources consulting firm