Today’s short post on Obamacare and how it is harming us all: If you qualify for an Obamacare subsidy, and your income changes, you have to pay back the subsidy…and the complexity of knowing this is already known to be too hard for the average American, giving even more power to the federal government, specifically the IRS.
If people get bigger tax credits than they’re supposed to get, Obamacare requires them to pay back the overpayments — with some limits — when they file their taxes the next year. But the calculations are so complicated that it would be hard, if not impossible, for most consumers to know if they’re getting too much.
And people may not realize that if their incomes go up in the middle of the year, they may not qualify for as much of a subsidy as they did before.
“Think of the family that gets a big subsidy, and then Mom goes to work halfway through the year,” said Laszewski. <source>