Folks making more than 133% of the Federal Poverty Level and you pay for insurance or pay the $600 a year tax. A single person making over $14,856 would have to pay for insurance (on $14,856, really?) or $600 tax. A married couple with no kids making over $20,122 a year would be required to pay for insurance for 2 or the tax for 2. A family of 4, 2 adults and 2 kids making over $30,656 a year would have to buy insurance for 4 or pay double the tax for the adults.
You claim up to 400% subsidies, do you have any proof that comes from a reliable source and not a "kook" blogspot?
Last edited by Prof. Peabody; 06-28-12 at 09:12 PM.
"Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams
Let's require every American to own a gun. If they don't want to buy one, they can pay a tax. As a sop to liberals, we can give subsidies to poor people so they can buy guns, too. We'll call it the "Affordable Protection for Establishing Security Act," or "APES" for short.
Patient Protection and Affordable Care Act/Title I/Subtitle E/Part I/Subpart A
It is a refundable tax credit. Refundable Credits - What's a Refundable Tax Credit?
A refundable tax credit is a tax credit that is treated as a payment and thus can be refunded to the taxpayer by the Internal Revenue Service.
AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.