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Their incentive? Health care. "Not for profit" does not mean that people won't get paid, they most certainly will. The main focus, however will not be on profits.
The government does not serve the best interest of the people.
The government is required to do so by constitutional law. Your irrational fear of government isn't what is on the books.
Well just look to Vermont for that answer.
8-10% increase to their FICA plus new consumer taxes is going to be needed.
The people don't want that though.
So how do you give people what they want when they are not willing to pay for it ?
You can change your W-4 any time. So after you buy that house change your W-4 and add a few more deductions so less taxes are taken out. The deductions on your W-4 is not the same as the deductions you take on your federal tax return.
As a single person you can only claim 1 on your 1040 but you can claim 1-2-3-4-etc. on your W-4.
Um, the exercise at hand is to AVOID a tax refund, in order to avoid paying the ACA tax penalty.
The method you describe gets you a larger tax refund - not what we're looking for here.
Not to mention that underwithholding of taxes could bring you an income tax penalty when you file your return.
Well just look to Vermont for that answer.
8-10% increase to their FICA plus new consumer taxes is going to be needed.
The people don't want that though.
So how do you give people what they want when they are not willing to pay for it ?
Well, people aren't rational.
My coworker and his wife make together about $100,000, but he still pays the $9,000 / year PPO plan, rather than the cheaper HDHP (he is too anti-Obamacare to consider anything like it). Guess that is folks? A 9% tax for health care in the form of private health insurance.
The payroll tax will be significantly less than 10%, as Medicare is only 1.45% and covers our sickest demographic. It would probably fall somewhere between 4-8% total to cover everyone.
The government is required to do so by constitutional law. Your irrational fear of government isn't what is on the books.
Hah! Good one, Erik.
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Good one, Erik.
