Friday, February 7, 2014

Obamacare discourages some from working, and that’s OK

 
..., "For instance, consider a single mom with one child. If she earns $23,419 a year, 150% of the poverty rate, she’d get a subsidy of $3,198 for health insurance. But if she makes one dollar more, her subsidy would be reduced by a dollar. Together with payroll taxes and income taxes she’d owe, that’s more than a 100% marginal tax rate on that extra dollar of earnings."   Page 2 here.

Freedom for the Job-Locked   Dems’ desperate defense of Obamacare-induced unemployment  "Democrats insist this is a boon. Indeed, many are talking about it as an act of liberation (which reminds me of an eleven-year-old headline from the Onion: “IBM Emancipates 8,000 Wage Slaves”)."

No comments: