Obamacare’s “wedding tax”: horrifying math
If you have not seen the article Obamacare’s ‘Cool Calculator,’ Part 2: The ‘Wedding Tax’, by Tom Blumer, you really should read it. The mathematics of the additional premiums/tax to be charged on married couples who earn over certain amounts are really a shock. An example given by Blumer, a 60-year-old couple with no children, is shown here; note the sharp increase in premiums/tax at just over $62,000 yearly in combined annual income:
Talk about disincentive to earn additional income above $62,000!!!