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Wednesday, July 4, 2012

Sunday, July 1, 2012

Department of Homeland Security Plans to Release Bacteria in Boston Subway System

The Department of Homeland Security (DHS), has announced a series of biological tests that they will be conducting in subway systems near Boston. DHS will be releasing bacteria into the MBTA tunnels, in what they say are tests to evaluate sensors installed in the tunnel system.

The DHS sensors are designed to detect biological agents. The testing is expected to go on for at least one year, with multiple bacteria releases every month.

DHS officials insist that the bacteria release, a dead bacteria called B-subtilis, will have no adverse health risks on healthy individuals. What this means for people with compromised immune systems isn’t known, DHS hasn’t publicly commented on that.

Obamacare: 21 New or Higher Taxes

1. Individual Mandate Excise Tax(Jan 2014): Starting in 2014, anyone not buying “qualifying” health insurance must pay an income surtax according to the higher of the following

1 Adult
2 Adults
3+ Adults
2014
1% AGI/$95
1% AGI/$190
1% AGI/$285
2015
2% AGI/$325
2% AGI/$650
2% AGI/$975
2016 +
2.5% AGI/$695
2.5% AGI/$1390
2.5% AGI/$2085
Exemptions for religious objectors, undocumented immigrants, prisoners, those earning less than the poverty line, members of Indian tribes, and hardship cases (determined by HHS)

2. Employer Mandate Tax(Jan 2014):  If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for all full-time employees.  This provision applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer).
Combined score of individual and employer mandate tax penalty: $65 billion/10 years

3. Surtax on Investment Income ($123 billion/Jan. 2013):  This increase involves the creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single).  This would result in the following top tax rates on investment income

Capital Gains
Dividends
Other*
2010-2012
15%
15%
35%

Pic De Jour