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Warren Buffet is what..a millionaire or billionaire ?
His taxable income is only $100K a year.
Did I ever say once.."make less money" ?
No, I said you need to get smarter about your income.
OK.
Since you, a person who knows absolutely NOTHING of any substance about our business, our income, our lifestyle, our savings plan, our investments, our cashflow, etc told me to get "get smarter," I guess I need to take your excellent advice - since obviously the idea of deducting as much of our income as possible has NEVER occurred to me ever ever ever. Nor has it occurred to our accountant or our financial advisor. I will be sure to let them know about this novel idea that I have learned this afternoon on the internet. Boy will they be appreciative! We'll all just jump right on that.
Like I said, if I was very wealthy, I'd have all sorts of tax shelters, shell corporations, offshore accounts, etc. available to me. I don't expect you to truly understand the plight of a small business owner in the US - not the very wealthy but someone living a pretty "regular" lifestyle. But let me help you understand something. We have a financial advisor. We have a CPA. We have an estate attorney. We have lots of advice from lots of smart people - and we take most of that advice. We also pay for that advice, and unlike Warren Buffet, we don't have endless streams of money, even money we can "write off" to pay for setting up corporations, moving money around globally, investing in foreign real estate, yada yada yada.
By the way, I've actually gleaned some good advice from various people on various topics on this very forum over the years (especially in the real estate and caregiving sections), so I'm not at all opposed to new ideas, and actually practical suggestions. But "get smarter about your income" doesn't fall into that category.
It's not unusual at all. It's very typical for those who are self insured. It's insulting that you think that people who have had this experience must be stupid or in your words, "confused". Really? The people who are the most vocal are the people who have been shafted. I'd love to just have insurance only for the big stuff and pay cash for everything else. It would make that insurance a lot more affordable and in line with it's original intent.
Right -and the people he is assuming are stupid or confused are actually SUCCESSFUL people, people who own and operate their own businesses, people who know what it takes to make a good living for themselves and their families. I find that very ironic.
I think if the divorce is within a certain amount of time prior to the NH admission, it may be questioned.
Timeliness also applies to "gifting" assets to your kids.
I'm not talking about waiting until one is sick. A young healthy family could technically choose to get divorced, or more likely never get married in the first place in order to be able to afford health insurance. People get divorced all the time for all kinds of reasons. I don't think that the process has become more stringent due to obamacare.
And my post was tongue in cheek because I actually would not get a divorce just to get cheap health insurance. It could technically be an option though. It's an absurd one but sometimes people do absurd things when they don't have any real options.
It has absolutely NOTHING to do with cheating the system.
Obamacare subsidies are your own tax credits..you are not taking any taxpayer money. They are credits against your future income.
Did you think these premium subsidies were coming out of the General Fund or something ?
Where do you get this sort of idea?
Hey, news flash - a lot of people are NEVER going to make that extra money. Many people take more from the system than they give in every year their entire lives.
Besides that, that sort of reasoning is like playing craps and "betting on the come."
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