Immediate concern: Don't just sit there: Obamacare TAX on Royalty income. 6 days left.

Obamacare TAX on Royalty income- just one of the Obamacare tax hikes. Maybe the last ever chance to stop it.

Surtax on Investment Income (Takes effect Jan. 2013): A new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single).

Where is NARO on this?  Where is United Shale-USA on this? People you need to save yourselves.  Grass roots yourself and stop settling for organizations to do everything or nothing for you.  We saw how one of Corbett’s latest laws slipped through the cover of darkness affecting royalty owners, and then there’s Obamacare.   This may be the last chance opportunity to stop it.   All Republican Senators need to jump on board with Senator Ted Cruz.  You need to contact them.  No more fraudulent Republicans.  Call them today and encourage them to grow a spine.

Please read below and visit DontFundObamacare.com

passing this on.........:

Fellow Conservatives:

This is an urgent update on the fight to stop funding Obamacare.

Senators Mitch McConnell (R-KY) and John Cornyn (R-TX) -- the top two Republican leaders in the U.S. Senate -- announced yesterday that they will support "cloture" on the government funding bill, giving Harry Reid and the Democrats a procedural green light to fund Obamacare with only 50 votes.

Breitbart News is reporting that McConnell and Cornyn are using their leadership positions to pressure other Republicans to oppose Senators Ted Cruz (R-TX) and Mike Lee (R-UT) in their effort to defund Obamacare.

According to a senior staffer quoted in the news report, "Nobody is fighting harder to make sure Obamacare is funded than Mitch McConnell and John Cornyn."

This is the ultimate betrayal.

TAKE ACTION: Tell Senate Republicans to Stand With Ted Cruz and Mike Lee, Not Mitch McConnell and John Cornyn

We knew Mitch McConnell and John Cornyn weren't with us when they voted to fund Obamacare earlier this year. But then, under pressure from grassroots, they said they supported the effort to defund it. They even ran political ads in their home states to make voters think they were on their side.

But now, faced with the prospect of having to fight for the things they claim to believe, these Senate leaders have surrendered.

Mitch McConnell and John Cornyn have surrendered to Barack Obama, Harry Reid, and the Democrats. More importantly, they have surrendered to Obamacare -- the biggest job killer in America.

MELT THE PHONES

We can't let these turncoats force millions of Americans into this liberal train wreck.

Obamacare is unaffordable, unworkable, and it's unfair.

Please contact the other Republican senators -- even if they aren't from your state -- and urge them to OPPOSE cloture so the Democrats can't fund Obamacare.

You can find the list of senators at DontFundObamacare.com  along with their contact information and where they currently stand on this issue.

It's very important for you to call senators today and urge them to stand with Ted Cruz and Mike Lee in the fight to stop funding Obamacare.

 

Time is running out. Obamacare begins in just one week. We must act now.

This country belongs to us, not the politicians in Washington. Let's make sure they hear us loud and clear.

 

Best regards,

Matt Hoskins

Executive Director

Senate Conservatives Fund

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However, Sheriff's auction includes plenty who lost their homes who could not pay their taxes.

I thought the most horrifying thing I ever heard was George Bush say "I had to abandon free market principles to save the free market". That all changed with the closing sentence of the above post.

"Some times government has to protect people from themselves." - NO, the Govt makes them dumb and then dependent, so it can control them.    Sorry, I don't want any "protection" from the Govt. - I can take care of myself.   

If I recall correctly there has been a health insurance system in place for children called CHIPs for some time . What aggrvates me is that no one addresses the actual cost for health care.

  No one should have to go into a hospital and sign a blank check, you don't do it with a car repair do you? Most auto policies require three estimates why not the same in health care when posible?

  When a insurance company gets billed it pays out funds that are removing money for investment in business and in paying stock holders which might even be where part of your retirement was placed for growth. 

   The HEALTH CARE INDUSTRY is a business, 95% of the hospital in the US are so called non profit and deduct charitable care but say we have too charge more for those that don't pay so wheres the charity at? These hospitals get millions of dollars from the government every year but pay their CEOs millions! 

  I get sick when I hear the blame put upon us in a guilt trip when other people fail to assume responsibility for what they created. Free medical care for those that can't aford it, thats why hospitals are non taxed non profits!

Kathleen if its defunded that child will have a better chance for good health care. The Cleveland Clinic and many other fine hospitals are laying off health care professionals in droves because this bad bill was never about health care. Long lines and a shortage of doctors is not a good thing.
Cleveland clinic is laying off lower level employees because they won't be able to charge exorbitant prices for procedures and drugs due to obamacare standardization of prices.
God bless you Kathleen.

Government takes way too much from everyone and the further up the ladder the higher the percentage they take.  Not sure why it is that way.  I like a flat tax or "fair tax" system.  Then if you make more the government gets more. If/when I get royalties the government still wins.  Not sure why they would ever feel the need to take almost 50% of any ones income.

I once met a guy who said he worked for the government.  I asked what he does, and he said he works on a rig in the oil fields.  I asked "when did the government start drilling for their own oil?"  He said they don't.  Then I said but I thought you work for the government, and he said: "I do, and I work twice as much as I should have to just to pay them (taxes) so I have enough left over to live on."  

I guess the moral of the story is everyone works for the government, for all of those who don't.

Kathleen
My understanding is a bit different. I believe the 3.8% tax applies as a marginal rate above $250,000 per year.
If your investment income is "only" $249,000, you pay no additional income tax for Obamacare. If it is $251,000, you would pay 3.8% of the amount in excess of $250,000, which would be a total of $38.00.
Another issue: for those of us who receive natural gas royalties, the money is considered ordinary income. Not sure if it would be considered investment income.

Is there anyone out there who actually knows the facts?
(An abundance of emotion is evident, perhaps a shortage of fact)

Steve

(Some of what I posted is a inaccurate, in detail. Factcheck.org explains it much better. But Kathleen still would get a much better deal than she posted)
I believe you are correct, it is taxed as additional income.

Kathleen?  Kathleen Kane, right?

WOW  ! Kathleen I'll bet your blonde ?  I have been giving money for breast cancer research at the Cleveland clinic for a long time.  I worked hard all my life for what I have, I don't need Obama to give my money to people that  want  something for nothing !    ( Did Obama ever work )    I'm 79 yrs old        

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