Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Fiat Ponzi

Like Tree3Likes
  • 1 Post By benjamen
  • 2 Post By 11C1P

Reply
 
LinkBack Thread Tools
Old 10-04-2013, 07:27 AM   #1
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
It does not add up

It is interesting to see how much an individual or family can earn in income, yet still be getting money from the government for the Afordable Care Act.
http://finance.yahoo.com/news/not-pl...111054106.html
"If you earn up to 400 percent of the federal poverty level ($45,960 for an individual and $94,200 for a family of four this year) you’ll be eligible for a subsidy, which will come in the form of a tax credit."

The exact number varies depending on which data source you use (note: the census bureau does not provide online data services during the government shutdown):
http://politicalcalculations.blogspo...ercentile.html
http://en.wikipedia.org/wiki/Househo..._United_States
http://www.census.gov/hhes/www/cpsta.../hhinc/toc.htm

However, they all tell us that approximately 72% of individuals and 77% of families will recieve subsidies to make this program "Affordable". Since the basic idea of these programs is to take money from one party and give it to another, how are you going get enough blood from the remaining 20-25% to pay for all of this on top of all the other obligations we have already accumulated?!
__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 10-04-2013, 07:32 AM   #2
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
It's straight out of Cloward Piven my good man, it isn't meant to work, it's meant to collapse the system.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 10-04-2013, 07:51 AM   #3
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,056
Liked: 2453 times
Did someone say, "that does not make sense!"?


If FedGov math does not make sense, you must forfit all your wealth in taxes and fees.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 10-04-2013, 08:08 AM   #4
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
If you dare refuse to obey Obamacare:
http://www.businessinsider.com/how-m...lty-tax-2012-7

"So, basically, you're looking at penalties of approximately the following at the following income levels:

Less than $9,500 income = $0
$9,500 - $37,000 income = $695
$50,000 income = $1,000
$75,000 income = $1,600
$100,000 income = $2,250
$125,000 income = $2,900
$150,000 income = $3,500
$175,000 income = $4,100
$200,000 income = $4,700
Over $200,000 = The cost of a "bronze" health-insurance plan
The IRS will collect the penalty-tax, a fact that will no doubt further enrage those who hate Obamacare.

But here's some more good news for those folks:

The IRS will not have the power to charge you criminally or seize your assets if you refuse to pay. The IRS will only have the ability to sue you. And the most the IRS can collect from you if it wins the suit is 2X the amount you owe."
PMBug likes this.
__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 10-04-2013, 09:08 AM   #5
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,056
Liked: 2453 times
Ha ha! /Nelson Muntz
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 10-04-2013, 10:02 AM   #6
Ground Beetle
 
Join Date: Apr 2013
Posts: 501
Liked: 304 times
I am trying to figure out how I ended up in Wonderland. It will be cheaper for many to drop their insurance and pay the penalty?
Aubuy is offline   Reply With Quote
Old 10-04-2013, 10:59 AM   #7
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
How much will you pay?
http://www.parachutehealth.com/obama...alculator.html

To match what I currently have : $700 per month
If I make the mistake of having a first child: $900 per month

__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 10-04-2013, 11:38 AM   #8
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,056
Liked: 2453 times
I'll be happy to pay those premiums when my income explodes to cover it. lol. #notgonnahappen
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 10-04-2013, 12:34 PM   #9
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
Originally Posted by benjamen View Post:
How much will you pay?
http://www.parachutehealth.com/obama...alculator.html

To match what I currently have : $700 per month
If I make the mistake of having a first child: $900 per month

Returning to the original idea of the thread, you can use this calculator to see at what income government aid stops. For my state, I found the following to be the max household income and still receive government aid:

Single and no kids: $37,000
Single with 1 child: $57,000
Single with 2 children: $78,000
Single with 3 children: $94,000
Single with 4 children: $110,000
Single with 5+ children: $120,000
Married and no kids: $62,000
Married with 1 child: $78,000
Married with 2 children: $94,000
Married with 3 children: $110,000
Married with 4 children: $126,000
Married with 5 children: $142,000
Married with 6+ children: $157,000


What is this, 80+ percent of the population?!?


Edit: These numbers are indexed on a 30 year old person. It looks like these numbers go up as you get older.
__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules

Last edited by benjamen; 10-04-2013 at 12:38 PM.
benjamen is offline   Reply With Quote
Old 10-04-2013, 01:14 PM   #10
Ground Beetle
 
11C1P's Avatar
 
Join Date: Aug 2013
Location: North Dakota
Posts: 965
Liked: 504 times
I think Margret Thatcher put it quite plainly when she said the problem with socialism is you eventually run out of other peoples money.
rblong2us and benjamen like this.
11C1P is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 07:08 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.