December 2, 2013 |
As the Affordable Care Act wobbles into its second month, more people are enrolling on the Healthcare.gov website and learning if they are eligible to get a subsidy and what their monthly premium payment could be. Not everyone is happy, especially those who happen to be just above the subsidy cutoff. Some single older adults who don't qualify for a subsidy - the cutoff is $45,980 for one person - are pulling out dictionaries (it's a book older people use) and rereading the definition of affordable . In Southeastern Pennsylvania a silver-tier plan, which covers 70 percent of insurance costs, can carry a monthly premium of $575 to $1,012, depending on the plan.
November 15, 2012
Life changes can bring celebrations and condolences, and they often bring tax changes, too. Pay attention to those, or risk ending up with headaches or extra costs. For example, a new job means a W-4 form. Fill it out carefully, lest you have too much or too little withheld. If you have substantial other income, such as interest and dividends, adjust withholding accordingly. If you're paying off a mortgage or student loans, or otherwise can itemize deductions, adjust withholding allowances upward to reflect lower tax liability.
October 27, 2004 |
If you'd like to pay more of your hard-earned income to the federal government, then vote for John Kerry on Tuesday. If he's elected, he will raise your taxes. Kerry has taken a page directly out of Bill Clinton's tax-increase handbook. In 1992, Clinton campaigned on cutting middle-class taxes while promising only to raise taxes on people making more than $200,000. This is the exact platform on which Kerry is now running. Once Clinton was elected, however, no middle-class tax cut ever happened.
September 5, 2004 |
In light of the pain and difficulty inherent in post-9/11 America, our country, quite properly, is uninterested in reliving the last four years, let alone the last 40 years. What we are interested in is where we are headed as a nation. On Thursday night, President Bush gave us just that. The President's speech presented a striking contrast to Sen. John Kerry's earlier profusion of vagaries and triteness. The President presented his clear and strong vision for America's next four years.
April 28, 2004 |
Despite the serious ideological differences that divide Democrats from Republicans, especially in an election year, legislators from both parties are uniting behind one of President Bush's tax cuts. This week the House of Representatives is likely to pass a bill that would ensure that at least 27 million married couples retain the tax break granted them by the President's tax-cut legislation in 2001. It would extend relief permanently from the so-called marriage penalty that used to exist in the tax code and forced some couples to pay more in taxes when married than they would have paid if single.
March 29, 2004 |
WE HEAR a lot about the "marriage penalty. " But what about the "gay penalty"? Yes, the 1,400 benefits that same-sex couples don't have. The ones that help streamline the household economies of every heterosexual married couple in the nation. Every word that is said about gay marriage insults or offends someone, on one side of the fence or the other. Social and cultural conservatives believe their sense of morality is under attack. Gays and liberals believe they are simply defending - and demanding - basic human rights.
January 16, 2004
OH, COUNSEL THIS: With millions of children lacking adequate nutrition, health care, or education, the Bush administration is planning to shell out $1.5 billion to promote "healthy marriages" through counseling programs and advertising campaigns. They want to use government money to put up billboards advertising how great marriage is and, according to the New York Times, "teach problem-solving, negotiation and listening skills" to help couples avoid divorce. Bush has dusted off marriage promotion just in time for possible inclusion in the State of the Union address next week.
July 3, 2003 |
They pay higher taxes than other Americans with the same incomes and deductions. They get charged more for car insurance than people with identical driving records. They contribute the same amount to Social Security but receive lower benefits. On the job, they do equal work for unequal compensation. And they are half of America's adults. Who is this army of the dispossessed? Single people! So it is with some sourness that many single Americans watch gay-advocacy groups hail Canada's decision to allow same-sex marriages and urge the same here.
May 27, 2003
SEN. RICK SANTORUM apparently is pro-marriage when it provides a chance to bash gays, but not when it means giving lower-income workers a break. The big budget tax cut that was worked out in Congress last week includes a speed up of relief from the so-called "marriage penalty" - except for low income workers who get the Earned Income Tax Credit. The marriage penalty is the part of the tax code that socks married couples with higher tax bills than they paid as two single people.
May 16, 2003 |
The Senate yesterday approved a scaled-down $350 billion tax cut package that makes President Bush's proposal to eliminate dividend taxes temporary. The Senate approved the bill in a 51-49 vote. The bill eliminates taxes on all dividends in two steps. In 2003, 50 percent of dividend earnings would be tax free, and then 100 percent in 2004 through 2006. The cut would expire in 2007. The Senate's measure also would increase the child tax credit from $600 to $1,000, gradually eliminate the marriage penalty and allow small businesses to write off $100,000 in new equipment purchases.