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Thursday, September 29, 2016

IRS Report Reveals How Obamacare "Spread [$11 Billion] Of Wealth Around"

If folks don't like their healthcare then they can give us all their money so we can give it to other folks.

New IRS disclosures from the 2014 tax year reveal the specifics of how the so-called "Affordable Care Act" helped to facilitate Obama's desire to, as he famously told "Joe the Plumber", "spread the wealth around." To be precise, in 2014, Obamacare spread $11.2BN of wealth around, in the form of healthcare premium tax credits, with nearly 80% going to taxpayers reporting less that $35,000 of adjusted gross income. Moreover, the average tax filer received $3,600 of healthcare premium support with those in the lowest tax bracket receiving over $5,500 per person.

Equally disturbing is the fact that 8.1mm tax filers, those who elected to forgo health insurance, were hit with $1.7BN in Obamacare it the "young and healthy tax". Ironically, 40% of the penalties fell upon people making less than $35,000 per year...the very same people that Obama apparently intended to "help".

Here's how the subsidies and penalties broke down by tax bracket (the original IRS table can be found here):



Anonymous said...

From day one the Socialist Democratic Party knew this would not work. This is just step one to government controled health care. IF HILLARY GETS IN, IT WON'T BE LONG BEFORE WE'RE EATING SOYLANT GREEN !!!

Anonymous said...

I have been saying this sense day one redistribution of wealth is all this is .