52% of Obamacare users will owe govt 530 bucks or more

http://www.atr.org/surprise-poorest-obamacare-enrollees-face-530-irs-tax-bill

Told ya so liberals. Tax those poor people. You folks are shameless

So what is this, the 1,564,879,316,123,486th iteration of this thread?  It seems as if it pops up once every 5 minutes or so.  

In other news...

PEOPLE WITH JOBS WILL SOON DISCOVER THAT THEY OWE FEDERAL TAXES!!!!!111111 OMGH!?!?!?!?!?1  WHAT?!?!?1  HOW?!!??! WHY?!?!?

THAT'S RIGHT!!!111 THE OBAMA ADMINSTRASION HAS KREATED SUMTHING CALLED A "FEDERAL INCOME TAX"!!!11 THIS MEANS THAT, IF U WORK AND GET PAID, YOU HAVE TO APY TAX!!111 THAT MEANS THAT WHEN IT BECOMES TAXT IME, YOU WILL HAVE TAXES DUE!!!1

WTF!?!?!?!? WHAT?!?!?! HOW?!?!?!

The majority (52 percent) of Obamacare enrollees receiving an advance premium tax credit to purchase Obamacare insurance is facing the prospect of paying back $530 of that tax credit to the IRS, according to a new study from H&R Block. This clawback is reducing the refunds for these taxpayers by 17 percent this filing season.

Under Obamacare, taxpayers earning between 133 and 400 percent of the federal poverty level are eligible to receive a tax credit to help purchase insurance on Obamacare exchanges. This tax credit is calculated using old tax data of the recipients. The credit is advanced ahead of time to the taxpayer's insurance company. The taxpayer must reconcile at tax time the advance credit received with the actual credit she is eligible for.

Families of four earning less than $97,000 are eligible for a credit. So is a single mother with two children earning less than $80,000 and an unmarried/childless taxpayer earning less than about $12,000. By definition, these are the lowest income recipients of Obamacare health insurance outside the Medicaid-eligible population. Higher income taxpayers received no tax subsidy and aren't facing this tax season surprise.

According to the study, a majority of credit recipients--52 percent--have had to pay back the IRS an average of $530, reducing their refunds by an average of 17 percent.



I agree many will receive a clawback and penalty but these figure's are dead wrong and after trying to use HR block software this past weekend for almost 4 hours if anyone is having them prepare your taxes I sure the hell would question them. Most states (that did not expand Medicaid) uses the figure's 100-400% FPL and the first 9500 or 10000 is subtracted to find the penalty, so some making 19500 that did not purchase health insurance is not suppose to have a penalty, but I now have recent clients that had to pay upwards to $600 penalty and not a one of them came close to making $30,000. I told them have someone else figure. I am thinking the software is set up for the 133% - 400% FPL. The 97000 and 80000 in their article was off the mark. So if you cannot trust their software or preparer's how can you trust this article.

BTW I will probably go out and purchase turbo tax, used them for many years and I saw a $25 deal lower and that is why I purchased H & R, my wife said you got what you paid for to save a stinking $25.00

DIID U RESENTLY BUY A CAR!!?!?! HUH!!?!?!?  WELL GUES WHAT!?!?1 ONCE YOU DRIVE ABOT 400 MYLES, YOU MAY NOTISE THAT YOUR CAR STOP WROKING!!! GUESS WHY??!?!?  IT TURNZ OUT THAT THERE IS A HIDDEN REQWIREMENT THAT MEANS YOU HAVE TO BY GASOLINE FOR YOUR CAR 2 KEEP WORKING!!!111  YES!!! THAT IS RIGHT!!!1   IT TURZ OUT THAT CARZ DONT WERK UNTIL YOU POOT GAS N THEM!!!1

THANGS OBAMA!!!!!1

GOP 2016!!!11