Health Care and Taxes: A Pause Before Impact
The vastly expanded benefits of the new health care law have been well advertised, but the taxes imposed to provide insurance coverage for tens of millions of additional Americans and their pre-existing conditions have received much less public attention.
Not only were these various levies ??¬?? and credits for small business ??¬?? determined more quietly in the process of enacting the law, but most are two years or more from taking effect.
??¬?They don??¬?’t get a lot of attention when they??¬?’re not applicable until 2013,??¬? said Melissa Labant, a tax manager at the American Institute of Certified Public Accountants here.
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