- Days left

6 Strange New Taxes That May Be Headed Your Way

×
sugar-sweetened beverage  soda  drink taxBy CHERYL LOCK

It's tax time!

And while you're busy scrambling to get together your return for this year, a new Time article points out six new (incredibly strange) taxes that may be coming your way in the very near future.

A few have even already passed.

Take a look at some of the ideas:




More from LearnVest:


Is Obamacare Negatively Impacting Your Tax Bill?
Six Steps to a Simple Tax Season
What to Do If You Can't Afford to Pay Your Taxes

Photo Credit: Getty Images

Increase your money and finance knowledge from home

Building Credit from Scratch

Start building credit...now.

View Course »

Basics Of The Stock Market

Stock Market 101 - everything you need to know but were afraid to ask!

View Course »

TurboTax Articles

Will Medicare/Medicaid be Impacted by ACA?

The Affordable Care Act put in place significant tax-related programs that impact Medicare and Medicaid, such as increased Medicare taxes on earned and unearned income for high-wage earners, and Medicaid changes that increase the number of insured individuals. Establishing whether you are affected by the ACA-imposed taxes, or are eligible for certain health programs that fall under the Centers for Medicare and Medicaid Services, is determined by filing your income tax.

Understand and Avoid Health Care Reform Tax Penalties

The Affordable Care Act has brought new options for health care coverage to millions of previously uninsured Americans. While you can still choose not to purchase health insurance, that decision may come at a cost, beginning with the 2014 tax year. Eligible taxpayers who remain without insurance may be required to pay penalties, though there are exemptions for which you may qualify.

What Extra Tax Deductions Should I Make Sure To Take?

The federal government offers tax deductions and credits to reduce taxable income under certain circumstances. There are several that are often overlooked, including deductions for job hunting, caregiver expenses for dependents and children while you work, a credit to reduce taxes for moderate- to low-income earners and the premium tax credit associated with the Affordable Care Act. TurboTax can help determine if you qualify for these credits and deductions.

Add a Comment

*0 / 3000 Character Maximum

5 Comments

Filter by:
colloc

I have a strange idea. Why don't we stop paying ex-politicians huge pensions, stop giving stuff to all the illegals, stop giving military equipment and money to our enemies and stop wasting money on pork barrel projects? Then we could cut taxes instead of coming up with new ones.

March 09 2013 at 12:33 PM Report abuse rate up rate down Reply
Nekima

every day this country is becoming more and more disgusting!!!!

March 08 2013 at 7:58 PM Report abuse rate up rate down Reply
cliffy934

I remember back when we had energy shortage, where every one and all companies were to turn off their lights when not in use, now we have developed the hybrid vehicles that get better gas mileage, and energy deficient appliances. Now, with all this energy saved, the government wants to start charging for the number of miles you drive because tax revenue is down on gasoline. And the utility companies wants increases because we are not using as much electricity. Goodness, all this saving on energy, what was the use?

March 08 2013 at 3:36 PM Report abuse rate up rate down Reply
bchrist751

I like the Idea of taxing Electric cars and bikes....

March 08 2013 at 12:48 PM Report abuse -1 rate up rate down Reply
clarita995

gawd forbid these rectal sphincters briefly explain obummer care and the IRS involvement and of course the increased costs of health INSURANCE.
or how those obummer phones ARE PAID FOR--
nah,waste time with bs and these same taxes are already out here and HAVE BEEN already.

March 08 2013 at 12:46 PM Report abuse -1 rate up rate down Reply
powdercoatguy

Tax their land, tax their wage, tax the bed in which they lay.
Tax their tractor, tax their mule, teach them taxes are the rule.
Tax their cow, tax their goat, tax their pants, tax their coat.
Tax their ties, tax their shirts, tax their work tax their dirt.
Tax their chew, tax their smoke, teach them taxes are no joke.
Tax their car, tax their grass, tax the roads they must pass.
Tax their food, tax their drink, tax them if they try to think.
Tax their sodas, tax their beers, if they cry tax their tears.
Tax their bills, tax their gas, tax their notes, tax their cash.
Tax them good, and let them know, that after taxes they have no dough.
If they holler, tax them more, tax them till they’re good and sore.
Tax their coffin, tax their grave, tax the sod in which they lay.
Put these words upon their tomb: “Taxes drove them to their doom!”
And when they’re gone, we won’t relax, we’ll still be after their inheritance tax.

March 08 2013 at 11:45 AM Report abuse +2 rate up rate down Reply