pokermind wrote:Next month you get to start paying for the Obama care you will maybe get in two years, enjoy y'all.
Actually, that happened last year. Both the 'paying for' and the receiving. A bunch of folks got letters from their insurance companies. Inside were checks. Turns out, health insurance companies are required under Obamacare to spend 80% of whatever they charge customers on, well, actually insuring people, instead of advertising, payroll expenses or CEO stock options. A lot of companies had to give back money they charged people, to the tune of about $151 a person.
Now, we *are* going to see a tax hike next month to pay for Obamacare. If you make over $200,000 a year, or $250,000 as a married couple, you'll see a 0.9% tax hike on whatever money you make in excess of that limit. That means if you and your spouse together make $260,000, you pay an extra $90 a year. While a few people might get hit by that, I think most of us are going to juuust barely get in under the wire.
I'm sure a few of you are making $10 million a year of non-capital gains income, and that $87,750 of extra taxes is going to sting, but maybe you can cash in some of your stock options or raid the trust fund to make up the difference?