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Earn $1 More in Wages, and You Could Pay $20,000 More for Obamacare

Posted on 2/6/14 at 11:51 am
Posted by Morgan56
Member since Jan 2006
1161 posts
Posted on 2/6/14 at 11:51 am
LINK
Watch Out for Obamacare's Subsidy Cliff: Earn $1 More in Wages, and You Could Pay $20,000 More for Insurance

So if this is true, please explain how this is fair? Liberals/Communist please? Wouldn't it make better since to have this cost spread out a little more without such an extreme jump in cost for a person?

Only thing worth doing now is REPEAL! Each and everyday the stories keep getting better, that is if they are true.
This post was edited on 2/6/14 at 11:52 am
Posted by Upperaltiger06
North Alabama
Member since Feb 2012
3944 posts
Posted on 2/6/14 at 11:54 am to
This isn't unique to healthcare. Many tax laws are structured the same way. Even some created by conservatives.
Posted by Lsupimp
Ersatz Amerika-97.6% phony & fake
Member since Nov 2003
78351 posts
Posted on 2/6/14 at 12:00 pm to
I've been trying to explain this for months. people won't get it until they have to write the check. Then they'll say "but nobody told us..."

It's a middle class KILLER.
Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 2/6/14 at 12:01 pm to
quote:

This isn't unique to healthcare


I think don't there is anything as steep as this. Obviously this is an extreme case, and worth noting, but the cliff exists in all ranges.
This post was edited on 2/6/14 at 12:17 pm
Posted by DonChowder
Sonoma County
Member since Dec 2012
9249 posts
Posted on 2/6/14 at 12:14 pm to
quote:

but the cliff exists in all ranges.



Mostly just those damned conservatives using the cliffs though.
Posted by mauser
Orange Beach
Member since Nov 2008
21440 posts
Posted on 2/6/14 at 12:15 pm to
quote:

Only thing worth doing now is REPEAL!
100% agree.
Posted by Taxing Authority
Houston
Member since Feb 2010
57090 posts
Posted on 2/6/14 at 12:21 pm to
quote:

Earn $1 More in Wages, and You Could Pay $20,000 More for Obamacare
Only fair. Gotta get the rich!
Posted by lsu13lsu
Member since Jan 2008
11474 posts
Posted on 2/6/14 at 12:32 pm to
quote:

Many tax laws are structured the same way.


Which ones?
Posted by moneyg
Member since Jun 2006
56365 posts
Posted on 2/6/14 at 12:38 pm to
quote:

This isn't unique to healthcare. Many tax laws are structured the same way. Even some created by conservatives.



Example?
Posted by Taxing Authority
Houston
Member since Feb 2010
57090 posts
Posted on 2/6/14 at 12:39 pm to
quote:

This isn't unique to healthcare. Many tax laws are structured the same way. Even some created by conservatives.
Yep. No better justification for something stupid, than other stupidity.
This post was edited on 2/6/14 at 12:40 pm
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 2/6/14 at 3:26 pm to
What tax laws are structured that way?

You move up a bracket, you paying the higher rate on the money in the new bracket. It's nowhere near one big chunk of money at once, at least not the federal tax structure.

Probably there are other giveaway programs like that though.
Posted by themunch
Earth. maybe
Member since Jan 2007
64587 posts
Posted on 2/6/14 at 5:59 pm to
Obamacare tax laws


thank you
Posted by 756
Member since Sep 2004
14853 posts
Posted on 2/6/14 at 6:33 pm to
Look for the underground economy to grow proportionately. Working people will not just quit work. Many will just quit the work the government knows about.

Everyday in America money slides under the table in that economy and escapes our tax system.

As the underground economy grows, fewer people pay taxes and those that do bear an even greater burden.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
70866 posts
Posted on 2/6/14 at 6:35 pm to
quote:

What tax laws are structured that way?

You move up a bracket, you paying the higher rate on the money in the new bracket. It's nowhere near one big chunk of money at once, at least not the federal tax structure.


The AMT
Posted by Armchair_QB
Member since Aug 2013
1512 posts
Posted on 2/6/14 at 6:41 pm to
This is why we need a hunting season on the Liberal Trash that voted for the f*cking piece of sh!t in the White House.
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