Quote:
Originally Posted by Barry-xlovecam
All persons pay Medicare Taxes on "ordinary income earned". Capital gains are exempted.
However, https://www.thestreet.com/story/1170...e-earners.html
Unearned Income over $250K (modified adjusted gross income (MAGI) above $250,000(mainly from capital gains)) is subject to a 3.8% tax under the ACA (Obamacare)
So, if your MAGI is $750K Obamacare (ACA) costs you $19,000 in tax surcharges in that tax year. 500000*.038
That's what the repeal *Obamacare* is about to the top 1%. The rest is mainly bullshit diversions. |
Actually if you listen to the right people it's about not forcing someone to buy something from a private corporation. As well as about those people like me who are small business owners that fall within that small gap that don't qualify for subsidies as well as not able afford the ridiculous cost of covering 3 people at inflated prices due to it. This being the first year of ACA in full effect I'm officially uninsured. In addition to that I received a notice from the IRS saying they were not processing my return because I didn't send in a form for ACA which I never actually was involved with. It's a big fucking mess for me that shouldn't even be. I basically have 2 options. Pay myself less money so I can qualify for subsidies which in turn screws me if I decide to do something like take out a mortgage loan or pay the fines and be uninsured.