Obamacare penalties, payouts ahead for many tax filers

LA Times ^ | By CHAD TERHUNE

[Jim Robinson]

Uncle Sam could take a bigger bite at tax time for consumers who received too much government help last year with their Obamacare premiums.

That may be just one of several surprises for millions of Americans in advance of the first tax deadline involving the Affordable Care Act.

The majority of Americans who get their health insurance at work should see few changes when filing their taxes. Most will just need to check a box on their tax return indicating they had coverage in 2014.

It stands to be more complicated for those individuals who purchased a private health plan in government-run exchanges or went without insurance at some point last year.

~~snip~~

"Experts project that 40% to 50% of families that qualified for financial assistance might have to repay some portion..."

"About 85% of the roughly 7 million Americans who signed up last year through government-run exchanges paid discounted premiums thanks to subsidies..."

[PROCON]

Even if I didn’t have VA healthcare I wouldn’t sign-up, FUBO.

[FlingWingFlyer]

Time for the low information Obama voters to find out that free stuff is not free. Somebody has to pay for it.

[goldstategop]

The catch is you must buy a Silver Plan to get federal subsidies.

And whether you need to pay some or all of it back depends on your poverty level status by the time you need to file.

[Texas Eagle]

Fortunately, all we have to do is stick it out for two years and then either Mitt Romney or Jeb Bush will put a stop to the Obamadon'tcare tax.

HA! Sometimes I say the craziest things.

[goldstategop]

Will never happen.

The GOP is more likely to move us to single payer than to repeal Obamacare.

[Jim Robinson]

LOL! Next up: ROMNEY CARE.

[Extremely Extreme Extremist]

"REPUBLICANS ARE CONFISCATING THE WORKING POOR'S TAX REFUNDS TO PAY FOR TAX-CUTS TO THEIR CORPORATE DONORS! THESE REFUNDS ARE USED TO HELP LOW-INCOME FAMILIES PAY FOR LOW-COST HEALTH INSURANCE UNDER THE ACA!"

(Some Rat bloviating on the House or Senate floor when the SHTF)

[Perdogg]

I disagree. I don’t think any one is interested in the GOP in single payer even if they some aspect of Obamacare.

[goldstategop]

Let’s see if they really mean it.

This from folks afraid of being accused of being “racist” if they say “NO” to Obama.

[RnMomof7]

And the light in the attic will finally go on

[no-to-illegals]

from the article ...
"Experts project that 40% to 50% of families that qualified for financial assistance might have to repay some portion..."

Jim, your site tried to warn 'em. The uninformed should spend more time at your site, Jim.

[1_Rain_Drop]

"Fortunately, all we have to do is stick it out for two years and then either Mitt Romney or Jeb Bush will put a stop to the Obamadon'tcare tax.
HA! Sometimes I say the craziest things."

LOL, you do!

Let's see here...

there was a RomneyCare...check

there's an obamacare... check

Gasp! is JebCare next?

[HiTech RedNeck]

Mittcare was supposed to be only for Massachusetts, where it also has less constitutional trouble than Bummercare. To call the Roberts move of deeming it a tax, a hail mary, is to denigrate hailing Mary. (Which I don’t even believe in.)

It isn’t a constitutional tax if it is a tax. But it will take someone getting dinged for the tax in order to challenge the constitutionality o the tax.

[HiTech RedNeck]

Getting whipsawed by the Bummer might teach a lesson. Maybe.

[no-to-illegals]

Great Point, HiTech. Is certain if zer0care isn’t destroyed the low-information people are one day going to rue the days. The two to four days they voted for democrats and zer0.

[DaveyB]

If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or your arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that you were our countrymen.

Sam Adams is either crying at what we failed to protect laughing at us as schadenfreude.

[HiTech RedNeck]

One thing you just don’t DO to gibsmedats is to take something away.

That might not make them want to vote conservative, but they also won’t vote for you (the rhetorical you, the liberals).

[hawkaw]

That was a classic comment.

[headstamp 2]

Screwing the middle class yet again.