This is what I’m looking forward to seeing:
“Reconciliation. Although the tax credit is paid in advance directly to an insurer on a monthly basis, it is in fact a tax credit that must be claimed on the taxpayer’s annual income tax return. Final eligibility for the credit, therefore, cannot be known until the taxpayer files his or her annual return, at which point household income for the year will be finally determined. A “reconciliation” must then occur between the tax credit already received and that to which the individual is actually entitled...
If the taxpayer turns out to have been eligible for more than had been paid, the taxpayer gets a refund. If, however, the government has paid more than the taxpayer in fact turns out to be entitled to, the taxpayer must pay the money back.”
So if someone bought Obamacare on the market, and their wife got a part-time job, increasing their family income, then there is a good chance they will owe money back on their health insurance. How happy will they be when they have to fork over $$ or get a smaller refund ‘because of Obamacare”...
Heck, how happy will they be when they are required to file a new form as part of their taxes?
;>)
Obamacare is designed to regulate your tax refund into a non-event.