Tuesday, February 24, 2015

Thanks, Obama: Poorest Obamacare Recipients Billed $531 By IRS

 

The burden of Obamacare is hitting the program’s poorest recipients with a $531 tax bill by the IRS that cuts into their returns by 17 percent, according to a study conducted by H&R Block. In the study, Americans making 133 and 400 percent of the federal poverty level qualify for a tax credit to purchase health insurance. But, in the end, 52 percent will actually owe the IRS money. The study also found that the average individual mandate penalty is $172 (via ATR):

More @ Townhall
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4 comments:

  1. angrymikeFebruary 24, 2015 at 4:13 PM

    This is what many of them voted for, enjoy the suck !!!!!!!

    ReplyDelete
    Replies
    1. Brock TownsendFebruary 24, 2015 at 4:37 PM

      Actually, since the poorest are getting money back that they never put in, it's saving some tax payer's money, but will only be wasted on something else worthless. :)

      Delete
  2. Pirate MorganFebruary 25, 2015 at 6:47 AM

    You had to pass the bill to see what's in it... Now they know

    ReplyDelete
  3. Brock TownsendFebruary 25, 2015 at 1:15 PM

    :) Surprise, surprise, surprise..........

    ReplyDelete

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