“Some Folks Were Overpaid…” Over 3 Million Obamacare Subsidy Recipients Will Owe IRS

by Tyler Durden
ZeroHedge.com
01/04/2015

While the Affordable Care Act fines those who don’t have health insurance, it also provides subsidies for people making up to four times the federal poverty line ($46,680)… but, as The Washington Examiner reports, the subsidies are based on past tax returns, so many people may be receiving too much. In fact, as H&R Block calculates, as many as 3.4 million people who received Obamacare subsidies may owe money to the federal government.

The Rest…HERE

This entry was posted on Sunday, January 4th, 2015 at 4:37 pm and is filed under Economics, Government Evil, Health. You can follow any responses to this entry through the RSS 2.0 feed.