Showing posts with label subsidies. Show all posts
Showing posts with label subsidies. Show all posts
Tuesday, April 2, 2013
Report: Obamacare Credits Could Trigger Surprise Tax Bills
From: The Blaze
April 2, 2013
Millions of people who take advantage of government subsidies to help buy health insurance next year could get stung by surprise tax bills if they don’t accurately project their income.
President Barack Obama’s new health care law will offer subsidies to help people buy private health insurance on state-based exchanges, if they don’t already get coverage through their employers. The subsidies are based on income. The lower your income, the bigger the subsidy.
But the government doesn’t know how much money you’re going to make next year. And when you apply for the subsidy, this fall, it won’t even know how much you’re making this year. So, unless you tell the government otherwise, it will rely on the best information it has: your 2012 tax return, filed this spring.
What happens if you or your spouse gets a raise and your family income goes up in 2014? You could end up with a bigger subsidy than you are entitled to. If that happens, the law says you have to pay back at least part of the money when you file your tax return in the spring of 2015.
That could result in smaller tax refunds or surprise tax bills for millions of middle-income families.
CONTINUED: http://www.theblaze.com/stories/2013/04/02/report-obamacare-credits-could-trigger-surprise-tax-bills/
Monday, November 7, 2011
THE BLAZE: Congress Looking to Create Possible Multi-Billion Dollar Farm Subsidy
Farm-state lawmakers are moving to create a whole new subsidy that would protect farmers when their revenue drops – an unprecedented program that critics say could pay billions of dollars to farmers now enjoying record-high crop prices.
The subsidy, free insurance that would cover farmers’ “shallow crop losses” before their paid insurance kicks in, has been pushed by corn and soybean farmers who could benefit the most from the program. It would replace for the most part several other subsidy programs, including direct payments preferred by Southern rice and cotton farmers. Growers get the direct payments regardless of crop yields or prices. They don’t even have to farm.
CONTINUED: http://www.theblaze.com/stories/congress-looking-to-create-possible-multi-billion-dollar-farm-subsidy/
The subsidy, free insurance that would cover farmers’ “shallow crop losses” before their paid insurance kicks in, has been pushed by corn and soybean farmers who could benefit the most from the program. It would replace for the most part several other subsidy programs, including direct payments preferred by Southern rice and cotton farmers. Growers get the direct payments regardless of crop yields or prices. They don’t even have to farm.
CONTINUED: http://www.theblaze.com/stories/congress-looking-to-create-possible-multi-billion-dollar-farm-subsidy/
Saturday, March 19, 2011
CCTA Member Corner: Mary Delaney
CATCHING PIGS
There was a chemistry professor in a large college that had some exchange students in the class. One day while the class was in the lab, the Prof noticed one young man, an exchange student, who kept rubbing his back and stretching as if his back hurt.
The professor asked the young man what was the matter. The student told him he had a bullet lodged in his back. He had been shot while fighting communists in his native country who were trying to overthrow his country's government and install a new communist regime.
In the midst of his story, he looked at the professor and asked a strange question He asked: "Do you know how to catch wild pigs?"
The professor thought it was a joke and asked for the punch line. The young man said that it was no joke.
"You catch wild pigs by finding a suitable place in the woods and putting corn on the ground. The pigs find it and begin to come everyday to eat the free corn. When they are used to coming every day, you put a fence down one side of the place where they are used to coming.
When they get used to the fence, they begin to eat the corn again and you put up another side of the fence. They get used to that and start to eat again. You continue until you have all four sides of the fence up with a gate in the last side.
The pigs, which are used to the free corn, start to come through the gate to eat that free corn again. You then slam the gate on them and catch the whole herd. Suddenly the wild pigs have lost their freedom. They run around and around inside the fence, but they are caught.
Soon they go back to eating the free corn . They are so used to it that they have forgotten how to forage in the woods for themselves, so they accept their captivity."
The young man then told the professor that is exactly what he sees happening in America . The government keeps pushing us toward Communism/Socialism and keeps spreading the free corn out in the form of programs such as supplemental income, tax credit for unearned income, tax exemptions, tobacco subsidies,
dairy subsidies, payments not to plant crops (CRP), welfare, medicine, drugs, etc. while we continually lose our freedoms, just a little at a time.
One should always remember two truths:
1) There is no such thing as a free lunch, someone is paying for it
2) and when you begin to think that having your government provide for you and make your decisions is ok, realize that you’ve also given up the freedom that goes with making your own choices.
If you see that all of this wonderful government 'help' is a problem confronting the future of democracy in America , you might want to share this with your friends.
If you think the “free ride” is essential to your way of life, then you will probably ignore this.
But God help you when the gate slams shut!
There was a chemistry professor in a large college that had some exchange students in the class. One day while the class was in the lab, the Prof noticed one young man, an exchange student, who kept rubbing his back and stretching as if his back hurt.
The professor asked the young man what was the matter. The student told him he had a bullet lodged in his back. He had been shot while fighting communists in his native country who were trying to overthrow his country's government and install a new communist regime.
In the midst of his story, he looked at the professor and asked a strange question He asked: "Do you know how to catch wild pigs?"
The professor thought it was a joke and asked for the punch line. The young man said that it was no joke.
"You catch wild pigs by finding a suitable place in the woods and putting corn on the ground. The pigs find it and begin to come everyday to eat the free corn. When they are used to coming every day, you put a fence down one side of the place where they are used to coming.
When they get used to the fence, they begin to eat the corn again and you put up another side of the fence. They get used to that and start to eat again. You continue until you have all four sides of the fence up with a gate in the last side.
The pigs, which are used to the free corn, start to come through the gate to eat that free corn again. You then slam the gate on them and catch the whole herd. Suddenly the wild pigs have lost their freedom. They run around and around inside the fence, but they are caught.
Soon they go back to eating the free corn . They are so used to it that they have forgotten how to forage in the woods for themselves, so they accept their captivity."
The young man then told the professor that is exactly what he sees happening in America . The government keeps pushing us toward Communism/Socialism and keeps spreading the free corn out in the form of programs such as supplemental income, tax credit for unearned income, tax exemptions, tobacco subsidies,
dairy subsidies, payments not to plant crops (CRP), welfare, medicine, drugs, etc. while we continually lose our freedoms, just a little at a time.
One should always remember two truths:
1) There is no such thing as a free lunch, someone is paying for it
2) and when you begin to think that having your government provide for you and make your decisions is ok, realize that you’ve also given up the freedom that goes with making your own choices.
If you see that all of this wonderful government 'help' is a problem confronting the future of democracy in America , you might want to share this with your friends.
If you think the “free ride” is essential to your way of life, then you will probably ignore this.
But God help you when the gate slams shut!
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