87 Percent

Middle Class screwed by latest version of Obamacare:

The report projected that the excise tax would raise about $52 billion in 2019. Of that, about $8.9 billion would come from taxpayers with incomes of less than $50,000; about $19.4 billion from taxpayers with incomes between $50,000 and $100,000; and about $17.4 billion from taxpayers with incomes between $100,000 and $200,000.

Add those up, and you see that about 87 percent of the revenue in the original Baucus proposal to finance Obamacare would come from individuals with incomes of less than $200,000.

Baucus and the Senate committee have since upped the proposed tax to 40 percent, and the trigger thresholds to $9,850 and $26,000, tweaks that shouldn't change the basic thrust of the story. The Democrats' plan is a moving target--and given who will pay the tab, that is probably on purpose.

The remarkable thing is that this revenue comes from low- and middle-income people who already have insurance. Many members of organized labor have these 'gold-plated' plans. And they would be worse off, not better, because of Obamacare.

Democrats always seem to promise that they will finance their dreams by taxing the rich. And they always seem to increase taxes on everyone.