Thursday, August 27, 2009

Work Disincentives in the Health Care Bill

As it stands, the health care bill would add to work disincentives. Note specifically the part where health care officials would use tax returns filed with the IRS 'to determine who qualifies for "affordability credits."'

In other words, reporting income to the IRS would not only increase what you pay in federal income tax, and increase how much you pay on your mortgage, and increase how much you pay on your student loan, and increase how much you pay in state income tax, but also increase what you pay for health care.

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