Wednesday, September 2, 2015

Received $572 Million in Excess Obamacare Tax Credits

Is anyone surprised by this headline?  This was projected years ago when the ACA was passed.  It is essentially the same kind of abuse we see with the Child Credits and Earned Income credits.  Like most other taxes on income that is biased towards the so called wealthy it is a disguised form of income redistribution.   

Tax Pro Today
Sep 02, 2015
Top Stories
The Internal Revenue Service’s processing of tax returns that reported or claimed Premium Tax Credits during the 2015 filing season was challenged by delays in receiving data from some health insurance marketplaces and exchanges, and overpayments of Advance Premium Tax Credits, according to a new government report.

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