Some conservative news organizations have taken a close look at new rules released by the IRS on Jan. 30 on the new health care regulations and found them wanting … wanting much more, in fact, by 2016.
According to Breitbart.com, the IRS estimates that by 2016 the cheapest Obamacare plan will cost $20,000 for a family of five. That would be for a bronze plan. Other plans offered go up from there to silver, gold and platinum. The IRS used as an example a family of five earning $120,000 a year. If no family members had insurance, they would be subject to a “shared responsibility” penalty putting them into the Bronze plan. The tax penalty for that is $2,400 a month or $20,000 a year. Read the IRS regulations here. Alert, there is a lot of reading - examples of plans begin on page 56.
Weigh in on these new rules now released. Do you think your family will be able to afford these costs for health care by 2016?
"The American Taxpayer Relief Act of 2012 On January 1, 2013, the Bush Tax Cuts expired. However, on January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012, which reinstated many of the tax cuts, effective retroactively to January 1st. The 2012 Act did not repeal the increase in the highest marginal income tax rate (from 35% to 39.6%) which had been imposed on January 1st as a result of the expiration of the Bush Tax Cuts." Unless you're in the highest brackets, except for the payroll tax holiday expiration, your taxes didn't go up. Worth repeating.
"It was enacted in late 2010 when unemployment was very high and it raised take-home pay by around $100 billion a year. The economic research firm, Moody's Analytics, says for every dollar workers were able to keep in their pockets, $1.27 was added to U.S. GDP as the money circulated through the economy. So it undoubtedly played a role in helping support growth in the last two years. Now, it wasn't the best way to stimulate the economy because it put money in the pockets of a lot of well-off people, many of whom saved it, didn't spend it. Ironically, it actually replaced a more stimulative tax break called the Making Work Pay tax cut, which targeted lower income people who would be more likely to spend it, providing more fuel for the economy. But that tax cut was initiated by President Obama and Republicans wouldn't renew it back in 2010, but they did go along with this payroll tax break."
Can't we ever have a conversation on here that includes facts and two way rational conversations without the personal drama? We should have to show our id before we can post to make sure everyone who posts is over 18.
"The information comes from a an IRS document released last week. The fact that Breitbart reported it doesn't change the substance of the document." That's the kind of stuff that makes sense. I think if I get involved in another conversation on Patch, I'm going to keep count of how many times the word "You" is used. lol
If you want universal aka government run healthcare then you and your fellow liberals aka socialist should move to Cuba or Canada. Those of us who are Americans prefer a free market bssed healthcare system. There are ways to reduce the costs of healthcare and I can tell you with certainty, Obama care is not the way to do it! I just moved from Massachusetts and I have seen first hand how liberals just love to spend other peoples money!
And only the righties get recognized for posting their links. If you're even in the center, your links and facts will be ignored. They don't want any of their own to see anything resembling truth and facts. :) Thanks for starting my day off with a big haha.
n! Just like car insurance laws! If your going to live in civil world you are going to have to play by the rules. Unless you are the fortunate 1.5% that own the world and make the rules. I doubt anyof these people live in Loganville-Grayson area though.
Just publishing this GGY so you can differentiate between the dribble you post and the truth others post.
Have a nice w/e - especially Sunday ;)
I'm used to Mr. B and a few others coming after me. They can get ugly, but to me they're just class clowns, looking for attention, trying to be bad boys. What is harder to ignore is someone preaching, quoting the Scriptures while snarking at anyone not Republican - in other words, being hypocritical. Sorry if this disappoints you, but I'm a she.
You stated " Why don't you become truly poor and just live off of us." When I was older than you are now, I lost everything. I didn't bitch and moan like a whiney little brat like you. I went out and did something about it!! I worked my way back from the ground up. Perhaps you and your buddy GGYA ought to just go out and work for living for once. And if you don't you can just starve!! Have a nice day now!!!!
I do not give out personal information on a blog. FYI I consider myself a Tea Party Conservative.
So if my group plan charges me 450 for an employee only per month and the family rate is 1675 per month I pay as the employer 225 of the employee's cost and he pays the 225 plus the difference between the family rate and the employee rate which is $1450 per month comes for he and his family. If you work for a larger corporation which "Chris P" doesnt seem to understand is that they lets say have 1000 employees decide for themselves what to charge based on the benefits they offered and then they buy reinsurance for catastrophic claims. This has worked until their employees aged into their 50-60s.
First you know what happens when you Assume something? Second an apology is due from you. FYI everyone of your assumptions is incorrect. Perhaps I should sue you for libel??? Third anyone who claims that Obama care will save the average American money is either a moron or a liar. Which one are you?? Fourth if you want affordable healthcare the first thing you do is get rid of Obama care. Fifth its good to know that I got under your skin !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ROFLMAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You sir are the reason for the downfall of America. Liberals such as yourself who despise this country and the values that made it great. Being liberal and ignorant is no way to go through life.