Tax exemptions: I was told there would be no math.
2018 MIDTERM ELECTION
Time: D H M S
There's nothing wrong with this AP article noting that getting an exemption from the $95 (or 1% of your taxable income) fine for not having ACA-compliant healthcare coverage could prove to be pretty complicated. Overall it's a fair assessment of some of the potential headaches involved in the hoops you have to jump through to get a waiver...
WASHINGTON (AP) — Millions of Americans may qualify for waivers from the most unpopular part of President Barack Obama's health care overhaul. But getting that exemption could be an ordeal.
Community groups are concerned about a convoluted process for waivers from the law's tax penalty on people who remain uninsured. Not everyone is complaining, however: Tax preparation companies are flagging it as a business opportunity.
The law's requirement that Americans carry health insurance remains contentious. Waivers were designed to ease the impact.
However, one line in the aticle made me chuckle:
But while some exemptions seem simple, others will require math calculations.
Oh noes!! Not MATH CALCULATIONS!! Aieeeeeeee!!!
OK, that's not fair. I know tax calculations can be complicated. I just found the way that particular line was worded to be amusing (I read it with an ominous pause after "require" followed by the cheesy "dun-dun-DUHHHHHH!!" music in my head after "math calculations").
It's actually a pretty interesting article for those interested in this stuff. Carry on...