Supreme Court slowly killing 'Obamacare'
- Thread starter Kdpelkin
- Start date
You could simply use your s-corp to buy investments until your salary is reasonable. Generally you take any profit as a distribution. But if it has no profit, well then you wouldn't be taking anything.
For 2004 :
[FONT=Arial, Helvetica, sans-serif]The cost of providing health care for U.S. citizens who have no insurance will total $125 billion this year, with taxpayers and private entities footing most of the bill, a report issued on Monday said.[/FONT]
US Uninsured Health Care Cost Put at $125 Billion
Unlike car mechanics, hospitals can't refuse anyone, and if "you" can't pay your bill, other people end up paying it.
You have to be careful with that though. My CPA told me that the IRS compares your profits with others in your SIC/region and if you show abnormally low profits for too many years you're inviting trouble.
Yeah, if for no other reason than the fact that they'll just change the rules to the system once they catch on.
It would have to be done uber-fast, flash mob-style, to see results.
No doubt. As much as I like Will's idea I've heard that this kind of thing is the #1 reason that audits happen.
OK, so the solution is to spend 2 trillion Dollars to save 125 billion Dollars? I'm going to take a flyer and just guess your politics runs along the Democrat lines, am I right?
You don't get it, the door opened long ago. You are already forced to purchase things, including cell phones and broccoli for other people.
forced to pay into Medicare = "derp herp"
forced to pay into Social Security = "derp herpp"
forced to pay for statues, national parks, sports stadiums, Obama's toilet paper, health care for people in Iraq = "derpppp herppp"
forced to pay for your own health insurance = "OMG! SO ANGRY, MUST GO PROTEST!"
Very very good point. I am still young, 19 years old and have just started to open my eyes to the real world. So from what I am gathering as of right now im getting fucked left and right, up and down, and without any lube just so these fucking politicians can promise the old farts and the minorities the entire world, because they can get them out to vote for them. I have no hate for any old geezers or minorities as I am the first generation born here, but cmon half the fuckers who voted for Obama thought they were getting a bucket of friend chicken and some watermelons. Yeah Im a fucking racist deal with it.
Not a good guess there, but go ahead and explain how forcing the uninsured to pay for their own health care is going to cost trillions.
Here you go:
“The health care law “is going to come with a price tag pretty hefty, of $1.76 trillion. That’s twice as much as originally thought.”
Obamacare: Twice as much as estimated? - The Washington Post
"But Democrats sold the bill, even to their own members, as a $1-trillion, 10-year vehicle. It could well turn out to be a $2 trillion 10-year vehicle, as anyone with a calculator could have figured out at the time. In other words, the cost of the law may not be twice as much as estimated, but it is on track to be twice as much as touted."
That's the total for 10 years and is for the entire 1,000 page law. I'm only talking about the insurance mandate.
On a related note, Bush originally promised his Medicare expansion was going to cost $400 billion.
Medicare Drug Benefit May Cost $1.2 Trillion (washingtonpost.com)
Yes, exactly! The US government is excellent at building roads and winning wars but they couldn't run a taco stand as a business.
They have no business in any business. Just protect the borders, deliver whatever mail that they can and stay out of the way.
Letting them run the healthcare system is like grabbing a 90 year old woman that doesn't even understand how to use her iphone and putting her in charge of running the Google search engine.They have no clue and the results are going to be really, really crappy.
Dare I get the tiniest hope of Optimism?
[ame=http://www.youtube.com/watch?v=GZSAdDF2bUo]Toobin: Hard To Imagine How Things Could Be Going Worse For Obama Administration - YouTube[/ame]
[ame=http://www.youtube.com/watch?v=GZSAdDF2bUo]Toobin: Hard To Imagine How Things Could Be Going Worse For Obama Administration - YouTube[/ame]
$120/month is well below the average of $183/moth for high-deductible insurance with low hospital coverage and no stoploss. So yeah, you got a deal on the bare-bones policy. I assume you're young though, as the premiums vary with age...double the price for a 50 year old versus a 20 year old, for example.
My rate table is particularly high because the employees are all 40+, and also because they are all low-deductible plans, with low visit/pharmacy/etc prices, and HIGH percentages of coverage for inpatient/outpatient hospital visits.
Raising the deductible and doing an HSA only reduces the cost a little...maybe 10%. What really reduces it is dropping the 100% in/out patient to something south of 70% and dropping the stoploss. But, that's basically accepting the idea that you're bankrupt if you end up in the hospital for something major.
Anyhow, for various reasons, I have to offer this high end insurance. It's not that it's expensive that hacks me off. It's that the price doubled over a 5 year period, mostly, I suspect, because I'm subsidizing stuff that doesn't benefit my company or employees.