90 Miles From Tyranny : Millions of Obamacare subsidy recipients may need to pay back-taxes.

Sunday, January 4, 2015

Millions of Obamacare subsidy recipients may need to pay back-taxes.

The problem for Democrats is not exactly this: “As many as 3.4 million people who received Obamacare subsidies may owe refunds to the federal government, according to an estimate by a tax preparation firm… H&R Block is estimating that as many as half of the 6.8 million people who received insurance premium subsidies under the Affordable Care Act benefited from subsidies that were too large, the Wall Street Journal reported Thursday.” Although it’s definitely going to be a problem: ‘several million people suddenly discovering that they now owe back taxes to the government over Obamacare’ is not exactly a good scenario, especially if you belong to the political party that set that scenario up in the first place. But it’s still not the worst thing for Democrats.

No, the problem for Democrats here is that this is going to happen every year. The system is more or less designed to assume that people would twiddle with their coverage on a regular basis: as plans changed, improved, or degraded the consumer would be obligated to follow suit, in order to keep the subsidy.  This sounds ...
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2 comments:

  1. "Collecting more taxes than necessary is criminal"..............but STILL the American people let these fucking scumbag bandits get away with it. That's what is criminal. As Soon as they get their money they say fuck you we'll spend it on whatever we please to and that includes lavish party's, bonus's for being assholes, etc,etc. and the party never ends.

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  2. Nothing to see here ... just another branch of the communist utopia.

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