- This topic has 81 replies, 22 voices, and was last updated 12 years, 4 months ago by briansd1.
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June 29, 2012 at 11:21 AM #746830June 29, 2012 at 12:52 PM #746834scaredyclassicParticipant
I don’t know anything about the law and really have no opinion on it other than it does seem like in the richest nation on earth you shouldn’t be tied to a job for health innsurance reasons.
June 29, 2012 at 1:47 PM #746835DataAgentParticipant[quote=squat250]I don’t know anything about the law and really have no opinion on it other than it does seem like in the richest nation on earth you shouldn’t be tied to a job for health innsurance reasons.[/quote]
ditto
June 29, 2012 at 2:22 PM #746838HobieParticipantYou’re not.
All of the self employed folks purchase health insurance on the open market at market price. Which is very high when compared to employer group policies.June 29, 2012 at 2:51 PM #746839bearishgurlParticipant[quote=Hobie]You’re not.
All of the self employed folks purchase health insurance on the open market at market price. Which is very high when compared to employer group policies.[/quote]It’s only “very high” if the applicant has “pre-existing conditions.” HOWEVER, the lower-priced individual policies have MUCH higher co-pays and deductibles than a typical employer-sponsored policy. I’m referring to PPO’s here. Not sure if HMO’s are actually more expensive on the open market for a healthy person as opposed to an employer policy because the healthy person is “underwritten” as an individual-policy applicant. An “employee” is not. This “underwriting” requirement will go away in 2014 under HCRA.
In any case, an employer usually pays at least 60% of the monthly premium and charges the employee for the balance. Some employers even subsidize the policies of the employees’ immediate family members. A individual policy holder has to pay 100% of the premium but has far more choice in the type of coverage (and providers avail to them) than does an “employee” (who has to accept the plan(s) their employer offers).
June 29, 2012 at 9:36 PM #746867mike92104ParticipantI just wish the legislation had actually tried to tackle the cost rather than just determining who pays for it. The bill sucks ass, but all people hear is “Healthcare Reform”, and therefore it must be good.
June 30, 2012 at 12:16 AM #746871zkParticipant[quote=briansd1]Victory for my side! 😉
[/quote]
Maybe. Maybe not.http://www.nydailynews.com/opinion/john-roberts-evil-genius-article-1.1103982
June 30, 2012 at 1:03 AM #746874svelteParticipant[quote=zk][quote=briansd1]Victory for my side! 😉
[/quote]
Maybe. Maybe not.http://www.nydailynews.com/opinion/john-roberts-evil-genius-article-1.1103982%5B/quote%5D
We shall seee, zk. We shall see….
June 30, 2012 at 1:46 AM #746876Allan from FallbrookParticipant[quote=briansd1]
Allan, I bet that if you invited your daughter’s boyfriend’s parents over for dinner, you’d rather they came in a Prius than a jacked-up 4×4.[/quote]
Brian: Touche. You’re absolutely right on that one. Although, I’d prefer something a little less smug than a Prius.
You’ll never change my mind on tofu. That shit is wretched.
June 30, 2012 at 1:49 AM #746877Allan from FallbrookParticipant[quote=svelte][quote=zk][quote=briansd1]Victory for my side! 😉
[/quote]
Maybe. Maybe not.http://www.nydailynews.com/opinion/john-roberts-evil-genius-article-1.1103982%5B/quote%5D
We shall seee, zk. We shall see….[/quote]
I think SCOTUS handed a victory of sorts to both sides. Obama has to be heaving a sigh of relief, but the Romney campaign is reporting a huge donation windfall and largely from small donors (as opposed to Dr. Evil, Sheldon Adelson.) Conventional wisdom has it that small donors = votes.
Both sides are energized by the decision, that’s for sure.
June 30, 2012 at 11:58 AM #746902ocrenterParticipantI loved how for the whole day the Fair and Balanced FOX news had a neat “obamaTAX” corner graphic on.
June 30, 2012 at 12:53 PM #746907CoronitaParticipant[quote=Allan from Fallbrook][quote=briansd1]
Allan, I bet that if you invited your daughter’s boyfriend’s parents over for dinner, you’d rather they came in a Prius than a jacked-up 4×4.[/quote]
Brian: Touche. You’re absolutely right on that one. Although, I’d prefer something a little less smug than a Prius.
You’ll never change my mind on tofu. That shit is wretched.[/quote]
Shit…Time for me to sell my truck…But I have a few more years.
June 30, 2012 at 12:54 PM #746906CoronitaParticipantDon’t forget about the two new tax surcharges that some of you folks will now be paying for as a result of obamacare.
http://www.cliftonlarsonallen.com/inside.aspx?id=364
3.8 percent net investment income taxBeginning in 2013, higher income individuals with net investment income will be subject to a 3.8 percent tax of the lesser of two amounts:
Your net investment income, or
the excess of the taxpayer’s modified adjusted gross income over a $200,000 (single) or $250,000 (joint filers) threshold amount.If the taxpayer’s adjusted gross income is greater than the $200,000/$250,000 threshold, the excess becomes a limitation on the amount of net investment income exposed to the surtax. For example, if a joint return has a modified adjusted gross income of $260,000, the $10,000 excess becomes the limitation.
Also tax #2
Medicare surcharge tax on earned incomePresently, the Medicare tax applies to all wages and self-employment income. For wage earners, both the employer and the employee pay 1.45 percent, whereas a self-employed taxpayer pays the entire 2.9 percent.
Beginning in 2013, the health care legislation imposes an additional 0.9 percent surtax — but only on higher income households. The tax applies to income in excess of:
A single person’s wage and self-employment income over $200,000, or
the combined wage and self-employment income of a married couple exceeding $250,000.“There is no employer match on the 0.9 percent,” says Chris Hesse, a tax partner with CliftonLarsonAllen. “This tax is entirely paid by the employee or the self-employed individual. There will be employer withholding, but if you are self-employed, you will need to build this into your quarterly tax estimates. And some joint filers will have less withheld than their combined 0.9 percent tax.”
Then again, I’m sure a lot of piss ants will say if you earn 200/250k, then you should pay more taxes. Some other piss ants will say it’s “just an incremental tax”…
all while not having to pay the tax themselves, and/or all while collecting a public pension…
Notice the fine print of these taxes. It taxes individual’s passive income. BUT if you conduct business in sort of way, you won’t be subject to it..Same old same old.
June 30, 2012 at 4:25 PM #746918AecetiaParticipantflu,
I sent you some more of the taxes that apply to many working people and not just the “rich.”
June 30, 2012 at 5:13 PM #746924HobieParticipantHey, send me them too.! Or post them. Maybe we need to start a new thread of new ‘non’-taxes as a result of ACA.
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