Whitehouse ACA Tax Crisis

[piasabird]

Now the Whitehouse is worried about the IRS Tax implications of millions of people violating ACA. It is so unmanageable that it is as if the law was written by a childish idiot.

http://www.nytimes.com/2015/02/01/u...s-to-limit-health-laws-tax-troubles.html?_r=1

The ACA is turning into a tax management nightmare for the IRS.

Is it Financial Armageddon?

 

[theeedude]

Can't please everyone. It's a penalty, it's not supposed to be pleasant.

 

[alcoholbob]

If you are low income but not low enough to be taking advantage of EITC you could play the numbers and just claim you have insurance even if you don't and play by the numbers, since you should be in the lowest audit bracket.

 

[DCal430]

If you are low income but not low enough to be taking advantage of EITC you could play the numbers and just claim you have insurance even if you don't and play by the numbers, since you should be in the lowest audit bracket.

What about people whose income fall bellow the minimum required for ACA credits, people whose earned income is less than 100% of poverty, and live in back water states that refuse to expand medicaid. They qualify for EITC but not healthcare, so if they lie they may be audited.

 

[ivwshane]

What about people whose income fall bellow the minimum required for ACA credits, people whose earned income is less than 100% of poverty, and live in back water states that refuse to expand medicaid. They qualify for EITC but not healthcare, so if they lie they may be audited.

You get the government you vote for and that's especially true at the local and state level

 

[boomerang]

We had to pass the bill to find out what was in it. With logic like that in play how could anyone expect it to be anything less than a nightmare? This is just the beginning. So much has been postponed and is still not in effect.

 

[fskimospy]

Anyone want to bet this turns out just fine too and this is yet another example of conservatives bizarrely hoping for the ACA to fail?

I've lost track of how many times you guys have predicted some catastrophic failure for the ACA, yet every time the fact that you were always wrong before doesn't even make you think twice about being wrong again, haha.

 

[Hayabusa Rider]

Anyone want to bet this turns out just fine too and this is yet another example of conservatives bizarrely hoping for the ACA to fail?

I've lost track of how many times you guys have predicted some catastrophic failure for the ACA, yet every time the fact that you were always wrong before doesn't even make you think twice about being wrong again, haha.

Na, this won't be a crisis, although it's probably beneficial to Democrats that it didn't occur a year later. Goldfish have better memories than the collective American mind.

 

[Jhhnn]

Anyone want to bet this turns out just fine too and this is yet another example of conservatives bizarrely hoping for the ACA to fail?

I've lost track of how many times you guys have predicted some catastrophic failure for the ACA, yet every time the fact that you were always wrong before doesn't even make you think twice about being wrong again, haha.

I also love the usual ravers pointedly ignoring what may be the biggest problem- budget cuts hammering customer service.... how'd that happen, anyway?

 

[pcgeek11]

Now the Whitehouse is worried about the IRS Tax implications of millions of people violating ACA. It is so unmanageable that it is as if the law was written by a childish idiot.

http://www.nytimes.com/2015/02/01/u...s-to-limit-health-laws-tax-troubles.html?_r=1

The ACA is turning into a tax management nightmare for the IRS.

Is it Financial Armageddon?

It seems that way because it was written by a pack of childish idiots.

 

[Exterous]

Na, this won't be a crisis, although it's probably beneficial to Democrats that it didn't occur a year later. Goldfish have better memories than the collective American mind.

Yeah - none of this should be a surprise to anyone if they had been paying attention. Even if your subsidies were off because your estimated income was off the signs that you will owe are there but financial planning is not exactly your average American household's strength

 

[fskimospy]

Na, this won't be a crisis, although it's probably beneficial to Democrats that it didn't occur a year later. Goldfish have better memories than the collective American mind.

Sure. I imagine there will be some modest problems as this is the first tax season people will have to deal with it. My guess is that they will be just that - modest. But yes, any issues with the ACA are better dealt with in 2015 than in 2016 from a Democratic electoral perspective.

This whole 'desperately wishing for a catastrophe' thing is deeply weird. I get a feeling that a nontrivial portion of the extreme right would actually prefer the nation's health care system to experience some sort of disaster over things getting better just so that they would have been right about Obamacare.

 

[Exterous]

I also love the usual ravers pointedly ignoring what may be the biggest problem- budget cuts hammering customer service.... how'd that happen, anyway?

Well they were clearly over staffed because they had all that extra time they used to target specific groups and delete emails :awe:

 

[JEDI]

What about people whose income fall bellow the minimum required for ACA credits, people whose earned income is less than 100% of poverty, and live in back water states that refuse to expand medicaid. They qualify for EITC but not healthcare, so if they lie they may be audited.

read the article in the OPs link.
it answers your question.

the poor that live in backward states that didnt expand medicaid

 

[JEDI]

Now the Whitehouse is worried about the IRS Tax implications of millions of people violating ACA. It is so unmanageable that it is as if the law was written by a childish idiot.

http://www.nytimes.com/2015/02/01/u...s-to-limit-health-laws-tax-troubles.html?_r=1

The ACA is turning into a tax management nightmare for the IRS.

Is it Financial Armageddon?

did RomneyCare cause Financial Armageddon in MA?

/end discussion

 

[IGBT]

..and plenty more of the liberal base are coming to the realization the obama had to lie about all aspects of obama care to get it passed..you have to pass it to find out the depth of the lies.

 

[nickqt]

did RomneyCare cause Financial Armageddon in MA?

/end discussion

That may be true.

But Rmoneycare didn't include DeathPanels™.

Obamacare's DeathPanels™ are currently on the march, hunting down grandmas and fetuses.

They are manned by hispanic pre-teens from Guatemala who have been inoculated with ebola, trained by ISIS, and have calves the size of cantaloupes.

I've also heard over my left molar crown that the DeathPanels™ are working in close conjunction with Agenda21 agents and will also be taking away everyone's guns.

All of this is at the behest of time-traveling Vincent Foster, who planted Obama's birth announcement in the Honolulu Advisor, from orders of Obama, who was actually born in 2136, but has had to time travel back in order to be President now. In Obama's time, Muslim-Atheist communist-fascists are expressly prohibited from the Presidency. And the only way he could be President of the US in order to destroy it from within is by time travelling.

 

[Londo_Jowo]

Hmmmm why is it when I read some of your posts I feel like the nick should be Oldgamer???

 

[jman19]

That may be true.

But Rmoneycare didn't include DeathPanels™.

Obamacare's DeathPanels™ are currently on the march, hunting down grandmas and fetuses.

They are manned by hispanic pre-teens from Guatemala who have been inoculated with ebola, trained by ISIS, and have calves the size of cantaloupes.

I've also heard over my left molar crown that the DeathPanels™ are working in close conjunction with Agenda21 agents and will also be taking away everyone's guns.

All of this is at the behest of time-traveling Vincent Foster, who planted Obama's birth announcement in the Honolulu Advisor, from orders of Obama, who was actually born in 2136, but has had to time travel back in order to be President now. In Obama's time, Muslim-Atheist communist-fascists are expressly prohibited from the Presidency. And the only way he could be President of the US in order to destroy it from within is by time travelling.

:thumbsup:

 

[Subyman]

Can't please everyone. It's a penalty, it's not supposed to be pleasant.

It just sucks that it hits people that can't afford coverage but do not qualify for medicare. These are the very people that ACA was supposed to help. $200+ per person per month for bronze coverage with $6k deductible is a lot for bottom of the barrel coverage, especially for those only bringing in 45-60k.

 

[DCal430]

A lot of people are also hit by the family loophole glitch. Where the employer plan is affordable for them, but not their family. So they don't qualify for any tax credit either.

 

[theeedude]

It just sucks that it hits people that can't afford coverage but do not qualify for medicare. These are the very people that ACA was supposed to help. $200+ per person per month for bronze coverage with $6k deductible is a lot for bottom of the barrel coverage, especially for those only bringing in 45-60k.

How much would this plan cost outside a health care exchange with same deductible?

 

[Jhhnn]

It just sucks that it hits people that can't afford coverage but do not qualify for medicare. These are the very people that ACA was supposed to help. $200+ per person per month for bronze coverage with $6k deductible is a lot for bottom of the barrel coverage, especially for those only bringing in 45-60k.

Well, that's what happens when the SCOTUS legislates from the bench. It lets red state compassionate conservative leaders show their true colors. Information & calculator here-

http://kff.org/interactive/uninsured-gap/

If God hadn't intended for low wage workers to be fucked, he wouldn't have made it so easy, right?

And, uhh, I don't think you can back up those numbers at all. This handy-dandy calculator sure as hell doesn't-

http://kff.org/interactive/subsidy-calculator/

Prior to actual implementation, huge amounts of disinformation were promulgated and are now believed to be fact by all too many people. Those efforts are also ongoing. It's important to realize that & to learn the truth which is right there at our fingertips.

 

[DCal430]

What is funny is a lot of red states are now racing towards implimenting the medicaid expananse because they realized the people actually want it, and where going to throw them out of office.

 

[OverVolt]

How much would this plan cost outside a health care exchange with same deductible?

Pre-ACA? Probably the same per month but better coverage. But you're fucking dense so I'm wasting the lifespan of my keyboard on you.