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ObamaCare's Tax Shock Is Far Worse Than Predicted
Investor's Business Daily ^ | 04/29/2015 | Staff

Posted on 04/29/2015 8:33:06 AM PDT by IBD editorial writer

Health Reform: Providing still more evidence of how ObamaCare is "working," most enrollees learned this year that they had to pay back a huge chunk of their insurance subsidies. So much for "affordability."

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: 0carenightmare; 2016election; abortion; deathpanels; election2016; healthcare; irsobamacare; obamacare; obamacaresubsidies; taxes; zerocare
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1 posted on 04/29/2015 8:33:06 AM PDT by IBD editorial writer
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To: IBD editorial writer; All

The bastards must’ve also raised the income tax rates...wife and I both claimed married and 0, still had a tax bill at eoy of almost $2000!


2 posted on 04/29/2015 8:37:24 AM PDT by notdownwidems (Washington DC has become the enemy of free people everywhere)
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To: IBD editorial writer

Every thing is far worse than predicted about Obama what a low life critter dangerous to the world.


3 posted on 04/29/2015 8:43:20 AM PDT by Vaduz
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To: IBD editorial writer

Predicted schmedicted. It’s exactly what any sane red-blooded American knew it was going to be. Yet another evil succubus on our backs.


4 posted on 04/29/2015 8:49:05 AM PDT by MarineBrat (Better dead than red!)
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To: IBD editorial writer
Not unexpected, all warnings went unheard or ignored.

5 posted on 04/29/2015 8:51:27 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: IBD editorial writer

We only can hope that everyone who voted for the meat head enjoys their unpleasant tax surprise.

6 posted on 04/29/2015 8:54:28 AM PDT by Zakeet (Obama: fail ... deny ... blame ... golf ... distract ... lie ... repeat)
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To: IBD editorial writer

Where my free helfcare at?


7 posted on 04/29/2015 8:55:41 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: Zakeet

Bookmark


8 posted on 04/29/2015 8:56:39 AM PDT by publius911 (If you like Obamacare, You'll LOVE ObamaWeb.)
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To: All
The shocking bottom line from the IBD article...
"H&R Block now figures that two-thirds of ObamaCare enrollees who got subsidies had to pay at least some of it back. And the average payback was $729.

So roughly 5.5 million ObamaCare enrollees had to return, on average, almost a quarter of their premium subsidies. Given that these subsidies are available only to families with modest incomes, that's got to hurt."

Curse Obama and every Democrat politician that lied about and voted for this atrocity.
9 posted on 04/29/2015 8:56:44 AM PDT by Unmarked Package (Cruz to Victory 2016)
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To: IBD editorial writer

Wait for it, it only gets better next year!


10 posted on 04/29/2015 8:57:40 AM PDT by silverleaf (Age takes a toll: Please have exact change)
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To: IBD editorial writer

A huge new layer of federal healthcare bureaucracy with well-paid, full-time employees having gold-plated benefits ... and millions of new covered individuals who receive services, but pay very little ... and health care costs—TAXES—have increased?
How can this be?

I’m thinking the GOP should mount another investigation.
No, on second thought I can save them the time and effort in that our founding fathers have “been there, done that”:
“He has erected swarms of new offices and sent them among us, where they eat out our substance.”


11 posted on 04/29/2015 8:59:41 AM PDT by tumblindice (America's founding fathers: all armed conservatives.)
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To: Unmarked Package

Wow.


12 posted on 04/29/2015 9:00:36 AM PDT by fatima (Free Hugs Today :))
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To: IBD editorial writer

The public should sue every one of the democrats and Obama who publicly went forward with claims of reduced premiums, extended care, better coverage, etc. I mean to sue them for knowingly using falsehoods to gain public support and advantage. I would bet that every single one of them have gained monetarily from the public’s disadvantage. Wonder if O’Keefe would do an exposé on this subject...


13 posted on 04/29/2015 9:01:44 AM PDT by Shery (Pray for righteousness to be restored and for the peace of Jerusalem.)
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To: BitWielder1

“all warning went unheard or ignored”

Like Clapper and Koskinen, I railed to my representative that they were lying and he seemed to see me as something needing scraping off his shoe.

“taxation without representation”


14 posted on 04/29/2015 9:02:49 AM PDT by tumblindice (America's founding fathers: all armed conservatives.)
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To: Unmarked Package

and don’t forget curse those who voted for this Beast! not once but twice!


15 posted on 04/29/2015 9:03:11 AM PDT by Patriot Babe
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To: notdownwidems

We paid $620 in fines, er, uh tax, er uh, fines, the week before deadline of April 15th.

That’s over and above ALL the taxes I paid in during the year!................


16 posted on 04/29/2015 9:05:04 AM PDT by Red Badger (Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
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To: IBD editorial writer

“If you think health care is expensive now, wait until you see what it costs when it’s free.”

P.J. O’Rourke


17 posted on 04/29/2015 9:05:09 AM PDT by ForYourChildren (Christian Education [ RomanRoadsMedia.com - a Classical Christian Approach to Homeschool ])
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To: Vaduz

Why are you blaming Obama for this? The GOP controls both houses of Congress and has all the tools it needs to stop and kill Obamacare, but it has done nothing, zilch, nada. The GOP could have stopped Obamacare even when it only controlled the House, but again, it did nothing.

As much as I despise the occupant in the Whitehouse, I cannot blame a an anti-capitalist, America-hating Marxist for shoving Obamacare down our throats because that’s exactly what I expect from an anti-capitalist, America-hating Marxist. The GOP, on the other hands a re a bunch of pathetic, do-nothing losers, who deserve to go down in history with the Whigs.


18 posted on 04/29/2015 9:05:23 AM PDT by Labyrinthos
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To: silverleaf

That’s true!

Next year, the fines double, and each year after that so you either get insurance or go to prison...................


19 posted on 04/29/2015 9:06:37 AM PDT by Red Badger (Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
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To: notdownwidems

> “The bastards must’ve also raised the income tax rates...wife and I both claimed married and 0, still had a tax bill at eoy of almost $2000!”

You two are obviously working too hard. You need to kick back, relax and apply for an EBT card.


20 posted on 04/29/2015 9:08:18 AM PDT by jim_trent
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