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2) If you have insurance through the Obamacare exchanges and got subsidies, you will have to reconcile payments with income level.
3) If you decided to pay the penalty tax, and you are expecting a $95 penalty this year, you're in for an unpleasant surprise:
"the $95 is actually a minimum, and middle- and upper-income families will actually end up paying 1 percent of their household income as their penalty. TurboTax, an online tax service, estimated that the average penalty for lacking health insurance in 2014 will be $301. The penalty is designed to prod Americans to buy insurance and the penalty for not having it is scheduled to rise considerably: to a $325 minimum or 2 percent of income in 2015, and to a $695 minimum or 2.5 percent of income in 2016.
The problem is, yet another Presidential election where it looks like the potential Democrat candidate will run unopposed so it makes the news channels even more eager to host a Republican one.
Just for now. The Democratic candidates are gong to bide their time. Take it to the bank that there will be Democratic contention for the nomination. Hillary is most definitely not the only candidate the party will have.
Jumping in early has caused Republican candidates to burn out too early in the election year twice now; McCain entered 2008 nearly broke, and the prolonged early debates cost Romney a lot of wasted time and money in 2011-early 2012.
But early announcement may be necessary for the GOP hopefuls for as long as the party is split. The Democrats don't have that problem, but once did, for a very long time, and they have already learned the lessons that come from party disunity.
Personally I wouldn't vote for Ron Paul but he does have some good ideas and I believe the Republican Party railroaded him...
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