Monday, October 14, 2013

Reduce your income...

Reduce your income.  If you want to lower the impact of the new, higher ObamaCare health insurance premiums, that's the advice from SFGate, a publication of the San Francisco Chronicle.  It's all summed up with this:
You can also consider reducing your 2014 income by working just a bit less.
Say what?

It's all because of some poor law-crafting in the hastily cobbled-together ObamaCare law.  It includes some “cliffs” in the subsidy formulas that cause sudden changes in the amount of a subsidy when your income changes by as little as $1.  That's right – making $1 more can cost you thousands of dollars in subsidies.  So:
People whose 2014 income will be a little too high to get subsidized health insurance from Covered California next year should start thinking now about ways to lower it to increase their odds of getting the valuable tax subsidy.
So now our government is providing incentives to work less.  Lovely.

This is how a welfare state looks.  People pour their creativity into finding ways to game the system, instead of inventing the next iPhone.

Doom.  I feel the doom...

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