Whatever the result of the Presidential Election 2016, it is apparent that we all love the United States. For the record, many of my closest friends represent all parties in this year’s election and I respect all the views. The question is what direction will this country take on taxes with either candidate?
Tag Archive for Patient Protection
The Affordable Care Act or ObamaCare was passed almost three years ago with the goal of extending quality health insurance coverage to more Americans and it becomes fully effective January 1st 2014. To encourage compliance, the Act for all intents and purposes takes a carrot-and-stick approach as credits are offered for those who need financial help with buying insurance, and penalties are defined for those who do not get insurance. The Act’s core requirements are most Americans must have health insurance and that all but small employers must offer insurance to full-time employees.
In other words if you are a United States citizen or legal resident you must have “minimum essential” health insurance coverage and your dependents must also be covered or risk being essentially penalized. Exemptions will be allowed for: Read more