Taxing both the rich and the sick to pay for Obamacare.
Finding out what’s in it: Taxing both the rich and the sick to pay for Obamacare.
Key quotes:
The change will negatively impact parents who have special needs children and who use FSA funds to help pay for tuition in special needs schools, says Xavier Epps, owner of XNE Financial Advising.
and:
For the more than 10 million individuals and families that claim medical expenses in 2011, there’s more bad news. In order to claim medical expense deductions in 2013, the claims must be at least 10% of AGI, up from 7.5% in the past. There’s an exception for people who are age 65 and older at the end of the year and for married taxpayers with only one spouse age 65 or over. Their threshold will remain at 7.5% until the 2017 tax year.
Y’know, I have yet to find any documented evidence of Obamacare lowering costs or improving health coverage anywhere. So far, this law has done nothing but balloon costs, limit options, and reduce the ability of people to either get health insurance they can afford or healthcare they need.
But that’s all right. The Democrats passed it! It must be good! Let’s vote for them again so they can do this kind of masterwork in many other places. (Right now, the Middle East and Syria comes to mind.)
Readers!
Every February I run a fund-raising drive during my birthday month. This year I celebrate my 72nd birthday, and hope and plan to continue writing and posting on Behind the Black for as long as I am able.
I hope my readers will support this effort. As I did in my November fund-raising drive, I am offering autographed copies of my books for large donations. Donate $250 and you can have a choice of the hardback of either Genesis: the Story of Apollo 8 or Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space. Donate $200 and you can get an autographed paperback copy of either.
Please consider supporting my work here at Behind the Black. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
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Finding out what’s in it: Taxing both the rich and the sick to pay for Obamacare.
Key quotes:
The change will negatively impact parents who have special needs children and who use FSA funds to help pay for tuition in special needs schools, says Xavier Epps, owner of XNE Financial Advising.
and:
For the more than 10 million individuals and families that claim medical expenses in 2011, there’s more bad news. In order to claim medical expense deductions in 2013, the claims must be at least 10% of AGI, up from 7.5% in the past. There’s an exception for people who are age 65 and older at the end of the year and for married taxpayers with only one spouse age 65 or over. Their threshold will remain at 7.5% until the 2017 tax year.
Y’know, I have yet to find any documented evidence of Obamacare lowering costs or improving health coverage anywhere. So far, this law has done nothing but balloon costs, limit options, and reduce the ability of people to either get health insurance they can afford or healthcare they need.
But that’s all right. The Democrats passed it! It must be good! Let’s vote for them again so they can do this kind of masterwork in many other places. (Right now, the Middle East and Syria comes to mind.)
Readers!
Every February I run a fund-raising drive during my birthday month. This year I celebrate my 72nd birthday, and hope and plan to continue writing and posting on Behind the Black for as long as I am able.
I hope my readers will support this effort. As I did in my November fund-raising drive, I am offering autographed copies of my books for large donations. Donate $250 and you can have a choice of the hardback of either Genesis: the Story of Apollo 8 or Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space. Donate $200 and you can get an autographed paperback copy of either.
Please consider supporting my work here at Behind the Black. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
I have a number of liberal friends that voted for Obama and as recently as a few weeks ago were shocked to learn they have to buy insurance. They had no idea how they could fit it in to their already strained budgets. Short of a generous subsidy, they will just pay the tax.
“limit options . . .”
A drugstore chain in the area is running ads telling people that after 1 January, they “may not be able to order diabetes supplies through the mail.” I’m fairly certain that Obamacare supporters didn’t know that mail-order medical supplies would be banned. Finding out what’s in it, indeed.
They can’t let you get around that nice medical equipment tax they passed, so of course mail order is not allowed.
Or order it from someplace cheaper.
No No, taxes only work if they can keep people from getting around them, no matter why or how.