{"id":22710,"date":"2015-04-10T14:57:32","date_gmt":"2015-04-10T18:57:32","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=22710"},"modified":"2015-04-10T14:57:32","modified_gmt":"2015-04-10T18:57:32","slug":"beware-obamacare-as-tax-day-approaches","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/22710\/beware-obamacare-as-tax-day-approaches\/","title":{"rendered":"Beware ObamaCare as Tax Day Approaches"},"content":{"rendered":"<p>Nearly every American that received an ObamaCare subsidy to help pay for health insurance last year got the wrong amount.<\/p>\n<p>\u201cOnly 4 percent of the people who signed up for ObamaCare got the correct subsidy, so a whopping 96 percent will see their tax bill adjusted, some up and others down,\u201d <a href=\"http:\/\/nypost.com\/2015\/04\/07\/if-you-hated-tax-day-before-obamacare\/ \" target=\"_blank\">writes Betsy McCaughey<\/a>. \u201cWho would design a system that\u2019s right only 4 percent of the time?\u201d<\/p>\n<p>The main reason for the discrepancy is that a person must estimate \u2013 i.e. guess \u2013 their entire taxable income for the next year in order to find out how much of a subsidy they qualify for under ObamaCare during enrollment season. A raise or switch to a higher paying job could be zeroed out because the government gets to \u201cclawback\u201d the difference. Losing a job means a fatter refund.<\/p>\n<p>You can see which direction ObamaCare\u2019s incentives point to, which provides a partial answer to McCaughey\u2019s rhetorical question \u2013 people who penalize moving up the income ladder.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nearly every American that received an ObamaCare subsidy to help pay for health insurance last year got the wrong amount. \u201cOnly 4 percent of the people who signed up for ObamaCare got the correct subsidy, so a whopping 96 percent will see their tax bill adjusted, some up and others down,\u201d writes Betsy McCaughey. \u201cWho [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3308,1829,735,35,3005,2249,105],"class_list":["post-22710","post","type-post","status-publish","format-standard","hentry","category-posts","tag-health","tag-insurance","tag-irs","tag-obamacare","tag-penalty","tag-subsidy","tag-tax"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/22710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=22710"}],"version-history":[{"count":5,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/22710\/revisions"}],"predecessor-version":[{"id":22715,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/22710\/revisions\/22715"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=22710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=22710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=22710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}