If not,
no ObamaCare subsidy for you.
[Y]our “adjusted gross income”…can be found on line 37 of your 1040 tax return form. But it requires that you add back certain items like nontaxable Social Security income, tax-exempt interest and foreign-earned income…
The figure also includes income from items like dividends, interest, real estate and retirement account withdrawals. (More)
Glad they made it easy…
Why doesn’t the application process just say if you have other income besides wages, you probably won’t qualify for a subsidy.
Simplicity doesn’t seem to be widely accepted by the govt
If people just invested into line 25, this entire headache if a system would be unnecessary
Agreed, Obama is trying to re-invent the wheel. Instead of wasting all of these tax dollars to help a handful of people, just inform people about HSAs
And it is a sustainable system.
http://healthblog.ncpathinktank.org/hsa-activity-similar-across-all-income-groups/
And nearly everyone who has one is glad they have it. I made the responsible decision to create one nearly two years ago- one of my better decisions.
“A study by Optum Bank says, ‘Health savings account (HSA) owners are overwhelmingly satisfied with their accounts, and 91 percent believe such accounts should remain an option for Americans.’”
http://healthblog.ncpathinktank.org/hsa-account-holders-happy-with-their-accounts/#sthash.XGGre6d6.dpuf
I wonder if Obamacare registration is as confusing as that form?
They get much more complicated than that. Some of the “EZ” forms are horrendous
Does anyone else think that the Alternative Minimum Tax should be done away with?
Definitely.