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re: I am stunned that 87% of Obamacare enrollees are getting subsidies
Posted on 7/17/14 at 3:59 pm to HailHailtoMichigan!
Posted on 7/17/14 at 3:59 pm to HailHailtoMichigan!
It's not a subsidy; it's an advanced tax credit. It's actually based on a previous year's income.
If your income based is higher that what is listed on the Obamacare site you owe the IRS money.
The IRS has already red flagged over 1 million people receiving assistance for Obamacare, whose previous tax returns show them making too much money to qualify for the tax credit.
If your income based is higher that what is listed on the Obamacare site you owe the IRS money.
The IRS has already red flagged over 1 million people receiving assistance for Obamacare, whose previous tax returns show them making too much money to qualify for the tax credit.
3
Posted on 7/17/14 at 4:06 pm to TigerintheNO
quote:
The IRS has already red flagged over 1 million people receiving assistance for Obamacare, whose previous tax returns show them making too much money to qualify for the tax credit.
I'm guessing the hard drives containing that data will not crash.
Posted on 7/17/14 at 4:06 pm to TigerintheNO
quote:I thought the tax credits were separate support systems?
It's not a subsidy; it's an advanced tax credit.
Posted on 7/17/14 at 5:28 pm to TigerintheNO
quote:
It's not a subsidy; it's an advanced tax credit. It's actually based on a previous year's income.
It's a subsidy because the Government still has to pay the amount of the credit to insurance companies.
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