Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The GET IN MAH BELLY! Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 02-01-2013, 07:38 AM  
petegz28 petegz28 is offline
Supporter
 
petegz28's Avatar
 
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $258675
IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family

(CNSNews.com) – In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.

Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS.

The IRS's assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives to help people understand how to calculate the penalty they will need to pay the government if they do not buy a mandated health plan.

The examples point to families of four and families of five, both of which the IRS expects in its assumptions to pay a minimum of $20,000 per year for a bronze plan.

“The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000,” the regulation says.

Bronze will be the lowest tier health-insurance plan available under Obamacare--after Silver, Gold, and Platinum. Under the law, the penalty for not buying health insurance is supposed to be capped at either the annual average Bronze premium, 2.5 percent of taxable income, or $2,085.00 per family in 2016.

In the new final rules published Wednesday, IRS set in law the rules for implementing the penalty Americans must pay if they fail to obey Obamacare's mandate to buy insurance.

To help illustrate these rules, the IRS presented examples of different situations families might find themselves in.

In the examples, the IRS assumes that families of five who are uninsured would need to pay an average of $20,000 per year to purchase a Bronze plan in 2016.

Using the conditions laid out in the regulations, the IRS calculates that a family earning $120,000 per year that did not buy insurance would need to pay a "penalty" (a word the IRS still uses despite the Supreme Court ruling that it is in fact a "tax") of $2,400 in 2016.

For those wondering how clear the IRS's clarifications of this new "penalty" rule are, here is one of the actual examples the IRS gives:

“Example 3. Family without minimum essential coverage.

"(i) In 2016, Taxpayers H and J are married and file a joint return. H and J have three children: K, age 21, L, age 15, and M, age 10. No member of the family has minimum essential coverage for any month in 2016. H and J’s household income is $120,000. H and J’s applicable filing threshold is $24,000. The annual national average bronze plan premium for a family of 5 (2 adults, 3 children) is $20,000.

"(ii) For each month in 2016, under paragraphs (b)(2)(ii) and (b)(2)(iii) of this section, the applicable dollar amount is $2,780 (($695 x 3 adults) + (($695/2) x 2 children)). Under paragraph (b)(2)(i) of this section, the flat dollar amount is $2,085 (the lesser of $2,780 and $2,085 ($695 x 3)). Under paragraph (b)(3) of this section, the excess income amount is $2,400 (($120,000 - $24,000) x 0.025). Therefore, under paragraph (b)(1) of this section, the monthly penalty amount is $200 (the greater of $173.75 ($2,085/12) or $200 ($2,400/12)).

"(iii) The sum of the monthly penalty amounts is $2,400 ($200 x 12). The sum of the monthly national average bronze plan premiums is $20,000 ($20,000/12 x 12). Therefore, under paragraph (a) of this section, the shared responsibility payment imposed on H and J for 2016 is $2,400 (the lesser of $2,400 or $20,000).”

http://cnsnews.com/news/article/irs-...e-20000-family
Posts: 64,497
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Old 02-01-2013, 07:41 AM   #2
stonedstooge stonedstooge is offline
Arf! Arf! Arf!
 
stonedstooge's Avatar
 

Join Date: Dec 2007
Location: North
Casino cash: $416828
Will the 11 million illegals have this taken out of their checks?
__________________
2013 ADOPT A CHIEF
Eric Kush




"Often is a word I seldom use"--JP
Posts: 19,237
stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.
  Reply With Quote
Old 02-01-2013, 07:47 AM   #3
durtyrute durtyrute is offline
Sho nuff
 
durtyrute's Avatar
 

Join Date: Mar 2011
Location: Chieftown USA
Casino cash: $995208
If they want government sponsored healthcare why don't they stop spending eleventy billion dollars a year on lasers and invisible planes and just pay for the shit themselves?
__________________
“All that is necessary for the triumph of evil is for good men to do nothing." ~ Edmund Burke
Posts: 5,609
durtyrute wants to die in a aids tree fire.durtyrute wants to die in a aids tree fire.durtyrute wants to die in a aids tree fire.durtyrute wants to die in a aids tree fire.durtyrute wants to die in a aids tree fire.durtyrute wants to die in a aids tree fire.durtyrute wants to die in a aids tree fire.durtyrute wants to die in a aids tree fire.durtyrute wants to die in a aids tree fire.durtyrute wants to die in a aids tree fire.durtyrute wants to die in a aids tree fire.
  Reply With Quote
Old 02-01-2013, 08:03 AM   #4
Garcia Bronco Garcia Bronco is offline
No Keys, No Problem
 

Join Date: Sep 2000
Location: Denver
Casino cash: $77555
wow, that's about 16k more than a family of the same size would pay today at my company with a 2k deductable.
Posts: 22,069
Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 02-01-2013, 08:04 AM   #5
Dayze Dayze is offline
Resident Glue Sniffer
 
Dayze's Avatar
 

Join Date: Nov 2003
Location: Overland Park
Casino cash: $1236461
Quote:
Originally Posted by durtyrute View Post
If they want government sponsored healthcare why don't they stop spending eleventy billion dollars a year on lasers and invisible planes and just pay for the shit themselves?
and all the world policing and nation building. the defense budget is retarded.

more like the world police budget.
__________________
Life is 99% inspiration, 1% Perspiration, and 1% Attention to Detial.
Posts: 24,776
Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.
  Reply With Quote
Old 02-01-2013, 08:05 AM   #6
Direckshun Direckshun is offline
Black for Palestine
 
Direckshun's Avatar
 

Join Date: Oct 2006
Location: Springpatch
Casino cash: $1207566
__________________
Posts: 43,487
Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.
  Reply With Quote
Old 02-01-2013, 08:21 AM   #7
HemiEd HemiEd is offline
Supporter
 
HemiEd's Avatar
 

Join Date: Dec 2004
Location: Chicagoland
Casino cash: $7245852
Wait, what? That shit was supposed to be free!
Posts: 24,418
HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.
  Reply With Quote
Old 02-01-2013, 08:27 AM   #8
stonedstooge stonedstooge is offline
Arf! Arf! Arf!
 
stonedstooge's Avatar
 

Join Date: Dec 2007
Location: North
Casino cash: $416828
Quote:
Originally Posted by HemiEd View Post
Wait, what? That shit was supposed to be free!
Only to the illegals
__________________
2013 ADOPT A CHIEF
Eric Kush




"Often is a word I seldom use"--JP
Posts: 19,237
stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.
  Reply With Quote
Old 02-01-2013, 08:31 AM   #9
HemiEd HemiEd is offline
Supporter
 
HemiEd's Avatar
 

Join Date: Dec 2004
Location: Chicagoland
Casino cash: $7245852
Quote:
Originally Posted by stonedstooge View Post
Only to the illegals
True, and that is not a change. They get help now when needed.
Posts: 24,418
HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.HemiEd has an IQ even higher than Frankie's.
  Reply With Quote
Old 02-01-2013, 08:31 AM   #10
mnchiefsguy mnchiefsguy is offline
MVP
 
mnchiefsguy's Avatar
 

Join Date: Dec 2003
Casino cash: $11132017
Quote:
Originally Posted by Direckshun View Post
Nice try at deflection. 20k is 20k whether it is linked to on Drudge or not.

So much for Obama not raising taxes on the lower and middle class. Should be calling his plan Obamataxyourassoffcare.
__________________
Posts: 6,819
mnchiefsguy is obviously part of the inner Circle.mnchiefsguy is obviously part of the inner Circle.mnchiefsguy is obviously part of the inner Circle.mnchiefsguy is obviously part of the inner Circle.mnchiefsguy is obviously part of the inner Circle.mnchiefsguy is obviously part of the inner Circle.mnchiefsguy is obviously part of the inner Circle.mnchiefsguy is obviously part of the inner Circle.mnchiefsguy is obviously part of the inner Circle.mnchiefsguy is obviously part of the inner Circle.mnchiefsguy is obviously part of the inner Circle.
  Reply With Quote
Old 02-01-2013, 08:33 AM   #11
stonedstooge stonedstooge is offline
Arf! Arf! Arf!
 
stonedstooge's Avatar
 

Join Date: Dec 2007
Location: North
Casino cash: $416828
Quote:
Originally Posted by Direckshun View Post
Should have circled the 3rd item as well. Added to the Welcome Wagon package for the illegals
__________________
2013 ADOPT A CHIEF
Eric Kush




"Often is a word I seldom use"--JP
Posts: 19,237
stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.
  Reply With Quote
Old 02-01-2013, 08:47 AM   #12
Bwana Bwana is offline
GONE FISHING
 
Bwana's Avatar
 

Join Date: Aug 2000
Location: Billings, Montana
Casino cash: $2147483647
Quote:
Originally Posted by HemiEd View Post
Wait, what? That shit was supposed to be free!
Yeah it's a package deal with the free cell phones.
__________________
A gun is like a parachute. If you need one, and don't have one... you'll probably never need one again.

Posts: 47,095
Bwana has disabled reputation
  Reply With Quote
Old 02-01-2013, 08:54 AM   #13
alpha_omega alpha_omega is offline
MVP
 
alpha_omega's Avatar
 

Join Date: Jan 2004
Location: Liberty
Casino cash: $156350
Quote:
Originally Posted by Direckshun View Post
Just my opinion, but that schtick is getting old.
Posts: 6,492
alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 02-01-2013, 08:59 AM   #14
Silock Silock is offline
MVP
 
Silock's Avatar
 

Join Date: Dec 2006
Location: Overland Park
Casino cash: $100771
Quote:
Originally Posted by Direckshun View Post
Attacking the source doesn't change the argument. You know that.
Posts: 16,977
Silock is blessed with 50/50 Hindsight.Silock is blessed with 50/50 Hindsight.Silock is blessed with 50/50 Hindsight.Silock is blessed with 50/50 Hindsight.Silock is blessed with 50/50 Hindsight.Silock is blessed with 50/50 Hindsight.Silock is blessed with 50/50 Hindsight.Silock is blessed with 50/50 Hindsight.Silock is blessed with 50/50 Hindsight.Silock is blessed with 50/50 Hindsight.Silock is blessed with 50/50 Hindsight.
  Reply With Quote
Old 02-01-2013, 09:01 AM   #15
alpha_omega alpha_omega is offline
MVP
 
alpha_omega's Avatar
 

Join Date: Jan 2004
Location: Liberty
Casino cash: $156350
Also....are they really going to call it "Bronze, Silver, Gold, Platinum?" sounds more like a car-care package.
Posts: 6,492
alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.alpha_omega Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -6. The time now is 01:18 AM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.