Remember Section 9015 from Post 137?
- You making more than $200K? Or jointly more than $250K? Congratulations, you get to pay an additional 0.5% of you pay the hospital (your payment + insurance payment). Actually, it may be in addition to another 1.45% which is one of the few-word changes in another act on top of the 0.5%.
I forgot to mention a couple of things relevant to these amounts:
- Notice how married couples are penalized, i.e., instead of 2 x $200K the amount is as low as $250K
- Also, the amounts are not indexed to inflation/salary increases. This means that if you just luck out in the first year, you might hit it the next year or shortly after. Like the AMT. You do recall how that was meant to be for the rich only and now hits up to 25M people.
- The amounts are not adjusted for cost-of-living. We will be thanking states like California and New York where the cost-of-living is higher for their generous contribution to our health care.
- Many of other limits/ceilings elsewhere in the Senate plan are also stated without adjustments for inflation and cost-of-living.
This section is a no-brainer to understand. It's the other sections within the Revenue Provisions that individuals tend to not understand or forget. Simply, ALL taxes or fees assessed to a business get passed along to the consumer! Otherwise, a business would have to cut expenses; hence, jobs.
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