Did anybody notice that the White House is gearing up for a $50 million campaign to go into the fall elections trying to save Democratic seats under the banner of “defending the middle class”?
The list of tax increases doesn’t appear to include the hidden tax implicit in premiums paid by very healthy, mid-to-high income individuals who purchase insurance through the exchanges.
Exchange-purchased policies will be considerably more expensive than underwritten policies available to healthy people. To the extent that this additional cost is not offset by the means-tested subsidy, this is a rather large excise tax (actually, the means-testing turns it into a large graduated income tax).
I haven’t studied the income subsidies enough to know at what income level this becomes a net tax, though. Maybe $60 or $70K?
I’m not surprised at all the tax increases. How else is Congress going to pay for all of the piggish earmarks?
This entire Congress has been one continuous piggish feast at the expense of the American people.
Did anybody notice that the White House is gearing up for a $50 million campaign to go into the fall elections trying to save Democratic seats under the banner of “defending the middle class”?
That’s actually quite funny.
All these taxes apparently aren’t putting a dent in the projected debt.
The list of tax increases doesn’t appear to include the hidden tax implicit in premiums paid by very healthy, mid-to-high income individuals who purchase insurance through the exchanges.
Exchange-purchased policies will be considerably more expensive than underwritten policies available to healthy people. To the extent that this additional cost is not offset by the means-tested subsidy, this is a rather large excise tax (actually, the means-testing turns it into a large graduated income tax).
I haven’t studied the income subsidies enough to know at what income level this becomes a net tax, though. Maybe $60 or $70K?
I’m not surprised that there are hidden taxes inside the Obamacare bill. I bet we’ve haven’t seen even a fraction of it.