ObamaCare incentives are perverse.
Under ObamaCare, if a family of four is earning below approximately $95,000 without employer health care, it’ll receive subsidies.
But if that same family’s wage-earners picked up some more hours that put them over the income threshold, it will cost them approximately 15 percent of what they make. The more you make, the more you lose.
Why is there a cost for effort and success? What’s worse is that it essentially glues the lowest wage earners to those rungs, because the incentives are so big at the lowest level that it is unaffordable to work more.
I suppose this is an effort to turn America into Italy where everyone cheats on their taxes.
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One response to “Obama Care Incentives – Work Less – Get More”
“The more you make, the more you lose.
Why is there a cost for effort and success? . . . the incentives are so big at the lowest level that it is unaffordable to work more.”
As Churchill called Communism: “Shared poverty.” But Obama’s not a socialist and has a “good heart”? If it quacks like a duck . . . .