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Well, well thank you for that tidbit. I shall have to go off and do some investigation.
I just want to be careful here and not get labeled a "hobby farm" which it's not.
But too many wealthy are doing just that and trying to claim "Ag use".
Yeah, that's what kept it from being labeled a hobby farm in the past. However, it seems, from my first reading (accountant and I will be coming up with my strategy in near term future meetings), this has been removed. You can show you're trying to make a profit without actually having to make a profit anymore. Believe this is done through making improvements, buying seed, fertilizer, etc, and buying livestock. Again, I have not worked out the details with my accountant, so I would suggest getting more information from a more qualified source.
from CNN news thay said "In 2014, the penalty will be $285 per family or 1% of income, whichever is greater. By 2016, it goes up to $2,085 per family or 2.5% of income."
so what will they do to those who can't even afford to pay that? throw family in jail?
I paid out of pocket for eye, dental and my primary care physician while I was a grad student and I didn't have any parental assistance.
That lower cost insurance you had will be illegal with ObamaCare.
That's another problem I have with ObamaCare. With ObamaCare, the HHS decides what insurance we are allowed to buy, and what insurance companies are allowed to sell.
With ObamaCare, the insurance company and the customer are sitting at the table, and neither of them want what is in the health care insurance contract they are both forced to sign. If the college student wants a high deductible plan, that covers only specific things, ObamaCare will not allow the insurance company to sell it to him.
This will help Romney to get elected now, cuz he will move to repeal it.
Today we know that the Obamacare mandate has been upheld as a tax . One will be taxed to cover the 17 million people that medicaid will cover. The middleclass will have to be taxed to cover this coverage. It is a huge step toward Socialism.
Why work? If we are taxed or fined the middleclass will disappear. The word mandate had magically changed to a tax by the supreme court.
Now we know that those who work will see what the level of money to be made to get coverage free. Many will try to make just enough to quality for free health care. This will no way grow the tax base when it is better to make less to get coverage. The incentive is gone when more money is being taken for tax. Plus less money to spend elsewhere cutting into the economy.
This will all take place in 2014. If one opts out of the coverage a tax will be put on your gross paycheck taking 1% of it in 2014 and in 2015 it will rise to 2.5% of your gross paycheck and progress each year into the thousands of dollars for some people.
500 billion dollars is being taken from medicare by Obamacare cutting the budget just when the baby boomers need coverage.
I don't think this is good legislation when we are struggling as a nation.
Blah..blah..blah...listen, you will only be taxed if you don't buy insurance for yourself. You either buy insurance and pay the expected premium, or pay the tax so you won't be burden to us who do have insurance. Either way, your health care will have to be paid for, somehow. That's the logic behind it. Personal responsibility. Socialism my a$$.
We already know it negatively effects Medicare. Will it effect the VA healthcare system and if so, how? I already have employer provided health insurance. My wife uses it as the primary and uses Medicare as her secondary because of her spinal problems. I have a shoulder injury from the Navy and use the VA for medication and future treatment of my shoulder which will get worse as I get older. Also have two uncles who rely upon the VA and Medicare for their healthcare.
Hence the reason there is an individual mandate. That way, people will be paying in the years before and after they get ill.
But there's no way to enforce that mandate. I can choose not to buy individual coverage and just pay the $500 or so per year penalty.
Get sick, buy insurance at that point to get coverage.
Drop it when all is paid for and then go back to the $500 penalty.
There's nothing stopping someone from doing the above. When you got rid of pre-existing you opened another door.
from CNN news thay said "In 2014, the penalty will be $285 per family or 1% of income, whichever is greater. By 2016, it goes up to $2,085 per family or 2.5% of income."
so what will they do to those who can't even afford to pay that? throw family in jail?
No, just seize their bank, retirement, and childrens' education accounts, garnish wages, and surrender the first born daughter to the nearest illegal immigrant for prima nocta.
If Congress can levy a penalty (read: tax) for not purchasing a product, then I guess they can force you to buy broccoli.
They can now force you to buy death insurance, tax you to join a union, tax people to watch tv, tax people for being gay, or having multiple children, or even worse, tax you for not having children, Liberal utopia world..
Talk about bitter irony. The details of the Supreme Court's decision upholding the ObamaCare law are still being interpreted, but what is certain is that what saved the law was that the "ObamaCare tax." The Court ruled that the individual mandate to purchase health care or face a fine is a tax, not a requirement.
In other words, the Court said that Congress can impose a "tax" on people if they don't buy health insurance.
Enlarge Image
AFP/Getty Images
U.S. Supreme Court Chief Justice John Roberts
When Congress was debating for months and months, the Obama team argued that the individual mandate "is not a tax." This was to spare the White House the embarrassment of admitting that President Obama was violating right out of the box his sacred promise not to tax anyone earning less than $200,000. According to Congressional figures 70% to 75% of the "tax" falls on those who earn less than $200,000 per year, and that is 8 million non-rich people. So Mr. Obama argued this was a mandate and a fine to enforce the requirement to buy health care.
But then in front of the Supreme Court and lower courts, the Obama legal team shifted strategies and argued it was a tax after all. The Supreme Court has traditionally and regrettably granted unlimited taxing authority to the Congress and they did so again on Tuesday.
The decision is an absurd and extraordinarily dangerous interpretation of the taxing power. If Congress wants to mandate people to eat right, exercise, say their prayers at night, would it be constitutional if Congress taxes people for not complying?
So the White House won by conceding that their mandate is a tax on anyone whether you make $200,000 or $20,000. Mr. Obama's team is surely uncorking the champagne bottles, but taxpayers may not be so happy.
Look, for kicks, I did price out one of these Obamacare policies. Since I am the employer, I would pay all of it. For my family of three, it would be $14K per year. I think I'll pay the penalty, thanks.
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Question about Obamacare
