I fail to see how the statute does not put undue burden on companies employing less than 50 people is some sort of anathema. Given all the windfall that large businesses have gotten I fail to see other than partisan bullshit why similar windfall to small entrepreneurs is bad.
If CC wants a cookie because he is currently buying his employees health insurance thats great but the vast majority of small business cannot afford to buy insurance at the current unregulated rates.
If that means that smaller companies such as his get less financial strain then great too. if he turns around and pays himself out from that $50k then he very well likely will fall into the category of those that will be seeing a tax increase and the same will happen if he decides to invest it because capital gains is also seeing a hike.
All I see is a GOP sycophant parroting the litany that this is going to see a tax hike on the middle class. I am just trying to figure out which specific part of the ACA is supposed to do this.
PPACA does not explicitly mandate an employer to offer employees acceptable health insurance. However, certain employers with at least 50 full-time equivalent employees will face penalties, beginning in 2014, if one or more of their full-time employees obtains a premium credit through an exchange.1 As described in greater detail below, an individual may be eligible for a premium credit either because the employer does not offer coverage or the employer offers coverage that is either not “affordable” or does not provide “minimum value.”Currently the Medicare tax rate is a flat 2.9% on all wage income, with both the employer and the employee paying exactly one-half of this amount. Starting in 2013, the flat 2.9% Medicare tax will continue to apply to wages under $200,000 (or under $250,000 for married couples filing a joint return). There will be an additional 0.9% Medicare tax on wages over $200,000 ($250,000 for joint filers). This additional tax is to be withheld from wages, or if not withheld, it is to be paid directly by the employee. This additional Medicare tax also effects self-employed persons paying the self-employment tax.and to the contrary:HR 4872 modifies the health care act to impose the expanded 3.8% Medicare tax on investment income for people with income over $200,000 (or $250,000 for joint filers). Investment income for the purposes of the Medicare tax base would include interest, dividends, royalties, rent, passive activity income (such as income passed-through from partnerships and S-corporations), and gain from the sale of property. This additional Medicare tax is technically called the unearned income Medicare contribution tax.
Businesses employing 25 employees or less may become eligible for tax credits of up to 35% based on employer-paid health insurance premiums. Larger employers who fail to provide health insurance coverage may become liable for tax penalties.
"All Knowledge is built upon instinctive belief, failing that there is nothing left." -Bertrand Russell
"Honor is simply the morality of superior men." -Henry Mencken
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I would say many land speculators have taken a bath, but not those who invest in land for the long term.
I miss the 1/2 hr News hour...
Last time I checked, average asking prices for land and houses was still 30% greater than the long term trend allowed for. That was some time though, and we are probably close to or at the prices land should be in most areas now.
Crushing humanity, one post at a time.
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Originally Posted by WC
"...but it was your assumption that assumed I made an assumption"
Originally Posted by boutons_deux
...you're not curious about anything outside of your close-minded, benighted blind ideology.
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