If the House healthcare bill becomes law, small businesses and the wealthiest, most productive Americans can expect to pay massive new taxes.

The bill also includes hidden fees and excise taxes that will fall heavily on the elderly.
Under the Pelosi bill, citizens reporting income more than $500,000 and married couples earning more than $1 million would be slapped with a 5.4 percent surtax on all income above those thresholds.

The Wall Street Journal notes that, “after taking into account the expiration of the Bush tax cuts, those people would face a marginal tax rate of 45 percent.”

Small businesses also will suffer.

Very small companies — those with payrolls of less than $500,000 — will be exempted. But others will be slammed with new taxes — up to 8 percent of their payroll – if they don’t offer insurance as dictated by the Pelosi bill.

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