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| Post Number: 251
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| Post Number: 252
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Self-Banished 
Group: Members
Posts: 22654
Joined: Feb. 2006
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Posted on: Dec. 09 2014,3:31 pm |
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^ I'm sorry, Rollohome??? 
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Remember boys and girls,
Don’t be a Dick …
Or a “Wayne” 
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| Post Number: 253
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| Post Number: 254
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Moparman
Group: Members
Posts: 684
Joined: Dec. 2005
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Posted on: Dec. 22 2014,10:06 pm |
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Looks just like the one I lived in back in college. We also used to have a trailer on one for our farms. The rent income it generated paid for itself many times over before we sold it. I have known a few folks that lived in trailer homes, good hard working people. But I imagine a pompous, egotistical, judgmental pig like your self believes that your address or the size of your mortgage dictates your status in life. 
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| Post Number: 255
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| Post Number: 256
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| Post Number: 257
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| Post Number: 258
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grassman
Group: Members
Posts: 3858
Joined: Mar. 2006
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Posted on: Jan. 02 2015,11:00 pm |
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Obamacare tax surprise looming
By Tami Luhby @Luhby January 2, 2015: 9:22 AM ET
Obamacare enrollees who received subsidies to help pay for coverage will soon have to reconcile how much they actually earned in 2014 with how much they estimated when they applied many, many months ago.
This will likely lead to some very unhappy Americans. Those who underestimated their income either will receive smaller tax refunds or will owe the IRS money.
That's because subsidies are actually tax credits and are based on annual income, but folks got their 2014 subsidy before knowing exactly what they'd make in 2014. So you'll have to reconcile the two with the IRS during the upcoming tax filing season.
It won't be surprising if many enrollees guessed wrong. The sign up period began in October 2013 and many people did not know what they'd earn in 2014. Some went off what they earned in 2012.
Also, it was up to consumers to report major changes in their circumstances, such as landing a new job or getting married, so their subsidy amounts could be recalculated.
We're not talking chump change. Those who applied through the federal exchange received an average monthly subsidy of $264, according to the most recent figures reported by the Obama administration. They only had to pay $82 a month, on average, for coverage, Roughly 85% of total enrollees received help with insurance premiums. The administration last month said 2014 enrollment was 6.7 million.
Those who underestimated their earnings could owe thousands of dollars, though there is a $2,500 cap for those who remain eligible for subsidies. The threshold for eligibility is based on income - $45,900 for an individual and $94,200 for a family in 2014.
Of course, those who overestimated their 2014 income may get a healthier-than-expected refund. And some will see no change.
Here's what happens next:
Obamacare enrollees should receive Form 1095-A from their exchange by Jan 31. It lists who in the household had policies and how much they received in monthly subsidies.
Taxpayers will then use that documentation to fill out Form 8962, which asks details on insurance, subsidies and income. If they were not covered for the entire year, they have to break down the subsidy payments by month.
"It will be very difficult for those individuals who received premium tax credits to prepare their taxes on their own and get this straight," said Timothy Jost, a law professor at Washington and Lee University.
Also concerning is whether the Form 1095-As will contain accurate information and whether the exchanges will send them by the end of January, said Jost, who writes about Obamacare for the Health Affairs blog.
Exchange officials interviewed do not expect there to be problems with their record keeping. The federal exchange is currently testing its process to confirm premium and subsidy amounts with insurers to make sure can generate accurate tax forms.
"Consumers will receive their 1095-A from the [exchange] in the mail and it will be posted to their online healthcare.gov account during tax filing season," said Aaron Albright, a spokesman for the Centers for Medicare & Medicaid Services, which oversees the federal exchange. If there are errors, they can go to healthcare.gov/taxes to get a corrected form.
Covered California, the largest state-based exchange, expects to mail its forms on Jan. 20, said Dana Howard, the exchange's deputy director of communications.
Consumers who have trouble filling out their returns shouldn't expect to get timely help from the IRS. The agency had its budget cut, and its commissioner recently said it may only be able to answer just over half the phone calls received.
"Phone calls won't be answered even as poorly as they were last year," said Roberton Williams, a fellow at the Tax Policy Center.
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git er done!
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| Post Number: 259
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Self-Banished
Group: Members
Posts: 22654
Joined: Feb. 2006
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Posted on: Jan. 03 2015,3:24 am |
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^^^ First the carrot, now comes the stick
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Remember boys and girls,
Don’t be a Dick …
Or a “Wayne”
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| Post Number: 260
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Common Citizen
Group: Members
Posts: 4818
Joined: Jul. 2006
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Posted on: Jan. 27 2015,6:44 am |
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QUOTE Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance, says bombshell budget report
•Stunning figure comes from Congressional Budget Office report that revised cost estimates for the next 10 years
•Government will spend $1.993 TRILLION over a decade and take in $643 BILLION in new taxes, penalties and fees related to Obamacare
•The $1.35 trillion net cost will result in 'between 24 million and 27 million' fewer Americans being uninsured – a $50,000 price tag per person at best
•The law will still leave 'between 29 million and 31 million' nonelderly Americans without medical insurance
•Numbers assume Obamacare insurance exchange enrollment will double between now and 2025
QUOTE Those costs will 'rise steadily through 2022' before leveling off for three years, the groups' economists determined. But even at that point, the Obamacare program will cost the governemnt 'about $145 billion' each year.
That number doesn't include the insurance premiums and out-of-pocket health care costs paid by Americans – only the government's role in implementing the law and paying for its guarantees.
And the law will still leave 'between 29 million and 31 million' nonelderly Americans without medical insurance, says the CBO. My Webpage
5 Pinocchios
Still think it's a great idea? The idiots that bought into this are dumber than a box of rocks. You know who you are.
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Even after I googled it I still have no idea what your talking about. 
