by Tom aka Rusty Rustbelt
Health Care Thoughts: PPACA Penalty/Tax
The Congressional Budget Office predicts in 2016 up to 6 million largely middle income workers will pay the PPACA “tax” or “penalty” or whatever we decide to call it, averaging about $1200. This is about 50% higher than previous estimates of impacted taxpayers. A weak economy plays into the increased estimate.
According to the CBO, most of the payers will be in the middle income workers. Does this constitute a middle class tax increase?
In this political season hot rhetoric is flying from both sides. Expect the charges and counter charges to continue.