Tax Day Shocker: Obamacare ‘Clawback’ To Hit Some Subsidy Recipients With Huge Tax Bill
Anyone who receives Obamacare subsidies could be in for a rude awakening this tax season.
Four in ten low-income Obamacare participants will face sticker shock this April 15 when they discover they owe a great deal of money to the IRS because of a little-known “clawback” provision in the health-care law.
A family of four could owe the government as much as $11,200, according to a 2013 prediction by researchers at the University of California, Berkeley.
Remember that "free" healthcare that you voted for? As Nancy would say, "you have to vote for something before you get screwed by it".
ReplyDeleteRemember that you voted for it! And then, you voted for it again!