Page 3 of 10 FirstFirst 12345 ... LastLast
Results 21 to 30 of 91

Thread: Obamacare Subsidies

  1. #21
    Wee Nyeff
    GottaGo's Avatar
    Join Date
    Dec 2012
    Location
    In the now
    Last Seen
    05-23-17 @ 02:58 PM
    Lean
    Independent
    Posts
    5,311

    Re: Obamacare Subsidies

    Quote Originally Posted by polgara View Post
    And if the 29-hour work week goes into effect, more will qualify for the low-income part! Is this a great plan or what?
    My question being, once everybody is on EIC and subsidies, exactly who is going to be funding it all?

    Running out of other people's money and all that......
    Building block or stumbling block.... choose.

  2. #22
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 09:20 AM
    Gender
    Lean
    Very Conservative
    Posts
    76,584

    Re: Obamacare Subsidies

    Quote Originally Posted by soot View Post
    As you know, they do "pay" taxes.

    Just like with you, me, and everyone else who collects a paycheck federal income taxes are deducted, ergo, they are "paid".

    This credit, just like every credit, will result in some or all of the tax they do pay being credited (refunded) back to them.

    So some folks will end up having the tax burden they were previously responsible for reduced while others will end up being net recipients of federal tax dollars and "effectively" not paying anything.

    We'd have to look at it on a case-by-case basis.

    I think it's safe to assume that those earning a very low percentage in relation to the federal poverty level (between 101% and 200%, say) will end up net recipients while those earning at the high end of that calculation (300% to 400%, say) will end up "just" having their tax burden reduced.
    And, every spring they get that money back. So, no, they don't pay taxes.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  3. #23
    Sage
    polgara's Avatar
    Join Date
    Jan 2013
    Location
    NE Ohio
    Last Seen
    Today @ 10:49 AM
    Gender
    Lean
    Other
    Posts
    18,356

    Re: Obamacare Subsidies

    Quote Originally Posted by GottaGo View Post
    My question being, once everybody is on EIC and subsidies, exactly who is going to be funding it all?

    Running out of other people's money and all that......
    Very good question! Since there will probably not be any other country on this planet willing to lend us another dime, I have to guess that most of us are going to learn how to make do with a lot less than we're used to. And health care will only be a small insignificant worry at that point, IMO. It will be interesting to see what Ms Yellen at the Fed thinks should be done...

  4. #24
    Banned
    Join Date
    Feb 2008
    Location
    Theoretical Physics Lab
    Last Seen
    01-06-15 @ 11:06 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    25,120

    Re: Obamacare Subsidies

    Quote Originally Posted by polgara View Post
    Very good question! Since there will probably not be any other country on this planet willing to lend us another dime, I have to guess that most of us are going to learn how to make do with a lot less than we're used to. And health care will only be a small insignificant worry at that point, IMO. It will be interesting to see what Ms Yellen at the Fed thinks should be done...
    We're already there. America's credit rating used to be a triple-A. In a few years, it'll be a F-.

    A little hyperbole, but you see where I'm going with this.

  5. #25
    Canadian Conservative
    CanadaJohn's Avatar
    Join Date
    Jan 2013
    Location
    Toronto, Ontario, Canada
    Last Seen
    Today @ 09:27 AM
    Gender
    Lean
    Conservative
    Posts
    27,207

    Re: Obamacare Subsidies

    Quote Originally Posted by Mason66 View Post
    Where does the money for the subsidies come from?
    If I'm not mistaken, part of the Obamacare ponzi scheme is to fund the subsidies from some ficticious $500 to $700 billion in Medicare "efficiencies" and savings that the Democrats pulled out of their asses and the subsidies are subsidized further by penalties paid by businesses who don't provide employee insurance plans - recently delayed for one year - and penalties paid by individuals who don't buy insurance.

    One thing I haven't seen fleshed out in all the discussions is what happens/who pays when a person without insurance, who has paid the government penalty, seeks medical services and doesn't or can't pay. Are hospitals and doctors now entitled to bill the federal government for the costs of those services since the federal government is in effect collecting a "premium" from them? Or are the hospitals and providers going to have to sue the government for payment?
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

  6. #26
    Guru
    soot's Avatar
    Join Date
    Apr 2013
    Last Seen
    04-25-17 @ 03:28 PM
    Gender
    Lean
    Independent
    Posts
    4,308

    Re: Obamacare Subsidies

    Quote Originally Posted by apdst View Post
    And, every spring they get that money back. So, no, they don't pay taxes.
    A family of four earning about $93,000 a year pays no income taxes?

    An individual earning $40,000 a year pays no income taxes?

    You're sure about that?
    “Now it is not good for the Christian’s health to hustle the Aryan brown,
    For the Christian riles, and the Aryan smiles and he weareth the Christian down;
    And the end of the fight is a tombstone white with the name of the late deceased,
    And the epitaph drear: “A Fool lies here who tried to hustle the East.”

  7. #27
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 09:20 AM
    Gender
    Lean
    Very Conservative
    Posts
    76,584

    Re: Obamacare Subsidies

    Quote Originally Posted by soot View Post
    A family of four earning about $93,000 a year pays no income taxes?

    An individual earning $40,000 a year pays no income taxes?

    You're sure about that?
    Did I say that? Are you sure you want to be like that? You know damn good and well what I'm talking about.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  8. #28
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 09:20 AM
    Gender
    Lean
    Very Conservative
    Posts
    76,584

    Re: Obamacare Subsidies

    Quote Originally Posted by CanadaJohn View Post
    If I'm not mistaken, part of the Obamacare ponzi scheme is to fund the subsidies from some ficticious $500 to $700 billion in Medicare "efficiencies" and savings that the Democrats pulled out of their asses and the subsidies are subsidized further by penalties paid by businesses who don't provide employee insurance plans - recently delayed for one year - and penalties paid by individuals who don't buy insurance.

    One thing I haven't seen fleshed out in all the discussions is what happens/who pays when a person without insurance, who has paid the government penalty, seeks medical services and doesn't or can't pay. Are hospitals and doctors now entitled to bill the federal government for the costs of those services since the federal government is in effect collecting a "premium" from them? Or are the hospitals and providers going to have to sue the government for payment?
    If I lose my insurance, I'm going to pay the penalty, deduct it from my taxes and I go to the hospital, tell them to send the bill to the government.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  9. #29
    Sage
    polgara's Avatar
    Join Date
    Jan 2013
    Location
    NE Ohio
    Last Seen
    Today @ 10:49 AM
    Gender
    Lean
    Other
    Posts
    18,356

    Re: Obamacare Subsidies

    Quote Originally Posted by Gipper View Post
    We're already there. America's credit rating used to be a triple-A. In a few years, it'll be a F-.

    A little hyperbole, but you see where I'm going with this.
    Greetings, Gipper.

    : The thing most puzzling to me is the attitude of those in DC, who seem to think that things can go on as they are indefinitely. They seem to think they will not be part of what's heading our way...have they established a colony on Mars or something? What good is it to amass huge sums of money if said money is worthless at some point? There are too many historical examples, to suit me, of what things could be like in the near future. The book that was made into a movie "The Road" was one of the scariest I have ever read, only because the scenario is way too possible!

  10. #30
    Sage

    Join Date
    Jan 2013
    Last Seen
    Today @ 10:47 AM
    Gender
    Lean
    Undisclosed
    Posts
    18,316

    Re: Obamacare Subsidies

    Quote Originally Posted by polgara View Post
    Ah yes, the old "fairness" argument. Thanks for reminding me...It's been over an hour since I last heard it! Gosh, whatever was I thinking...
    Gotta have fairness
    , or things just don't make sense at all!

    Good morning, Bubba.

    Yup ... And "Fairness" is in the eye of the "Fairee" ... or something.

    How ya doin' Pol?

Page 3 of 10 FirstFirst 12345 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •