A new report from the Treasury Department says that Obamacare “represents the largest set of tax law changes in more than 20 years and affects millions of taxpayers.” As the report notes, Obamacare’s “new taxes, fees, and penalties account for approximately $438 billion.” But, really, it’s even worse than that.   

That’s because, according to the official estimate that the Treasury Department sites, that $438 billion in new taxes, fees, and penalties on Americans and American businesses is just the tally through 2019 — at which point Obamacare would really have been in effect for only six years (2014-19), not the ten years that are the norm for government scoring.  On an annual basis, Obamacare’s taxes, fees, and penalties (according to that same official estimate) would increase from $48 billion in 2014 to $88 billion in 2019, rising between 9 and 26 percent per year (depending upon the year) — with no end in sight.