Half of Obamacare subsidy recipients may owe refunds to the IRS

[Lovebears65]

Half of Obamacare subsidy recipients may owe refunds to the IRS WashingtonExaminer.com

Surprise!

 

[g5000]

Do you have a link to the source of this story, i.e. H&R Block?

 

[Siete]

The only people who are affected by most of the other taxes you hear about are about are the 3% of businesses and 2% of Americas richest families with incomes of over $250k and capital gains over $250k.


next.

 

[g5000]

A Wall Street Journal story appears to be the original article from which all other stories about this are emanating. You need a subscription to read the WSJ story, but it is reposted in full on MarketWatch:

Meanwhile, millions of Americans who got subsidies under the law may find they are getting smaller-than-expected refunds or owe the IRS because credits they received to offset their insurance premiums were too large. As many as half of the roughly 6.8 million Americans who got subsidies may have to refund money to the government, based on one estimate by tax firm H&R Block Inc.

Affordable Care Act creates trickier tax season - MarketWatch

 

[Mac1958]

yikes

 

[g5000]

If someone under-reported their income when they applied for a subsidy, they got a larger subsidy than they should have. Sooner or later, the IRS will catch up to them, and it is those people who will end up getting smaller refunds or owing money.

 

[The Rabbi]

If someone under-reported their income when they applied for a subsidy, they got a larger subsidy than they should have. Sooner or later, the IRS will catch up to them, and it is those people who will end up getting smaller refunds or owing money.

So you set up a confusing system that relies on reporting by individuals with no 3rd party verification and then you penalize them for mistakes they made. Democrats--The Party of "Go **** Yourself."

 

[Siete]

yaaaaaaaaaaawn.

 

[deltex1]

Don't ya just love how the libtards simplfy things?

 

[Siete]

Don't ya just love how the libtards simplfy things?

too difficult?.. here, let me help

subsidy = tax credit ...

credit ..

what part of that escapes your simple little mind ?

 

[deltex1]

Don't ya just love how the libtards simplfy things?

too difficult?.. here, let me help

subsidy = tax credit ...

credit ..

what part of that escapes your simple little mind ?

This wasn't an issue before you morons stumbled in.

 

[Siete]

Don't ya just love how the libtards simplfy things?

too difficult?.. here, let me help

subsidy = tax credit ...

credit ..

what part of that escapes your simple little mind ?

This wasn't an issue before you morons stumbled in.

apparently it was from the very first second the OP clicked "post reply" ..