Surtax for health care
The Heritage Foundation has released this brief fact sheet that shows how many small businesses and tax filers in Nevada would be adversely impacted by the President’s proposed surtax on income taxes. The new “surtax” would raise the top marginal tax rates by 5.4 percent in order to finance a portion of the costs of a nationalized health care system.
In Nevada, 17,200 total filers would be hit with the new tax and 10,300 small businesses would be adversely impacted by the new tax. The inevitable result? Even higher unemployment, especially among lower-income workers as the higher cost of employing those workers would, in many cases, price them out of the labor market. Sure, they can get “free” health care, but it would come at the cost of everything else.