Tax

RECENT POSTS

Many Who Got Obamacare Subsidies Now Face Big Tax Bill

(Getty Images)

(Getty Images)

By Anna Gorman, Kaiser Health News

Roberta and Curtis Campbell typically look forward to tax time. Most years, they receive a refund – a little extra cash to pay off credit card bills.

‘This is supposed to be a safety net health care, and I am getting burned left and right by having used it.’  

But this year the couple got a shock:  According to their tax preparer, they owe the IRS more than $6,000.

That’s the money the Campbells received from the federal government last year to make their Obamacare health coverage more affordable. Roberta, unemployed when she signed up for the plan, got a job halfway through the year and Curtis found full-time work. The couple’s total yearly income became too high to qualify for federal subsidies. Now they have to pay all the money back. Continue reading

Local Republican Leader Weighs In: The Discussion is About Taxes Now

Duf Sundheim was the chair of the California Republican Party from 2003-2007 and remains active in the party. He lives in Los Altos Hills, CA. KQED’s Stephanie Martin spoke to him today about his reaction to the Supreme Court decision.

MARTIN How do you feel that Chief Justice Roberts, a fellow conservative, voted to uphold the law?

SUNDHEIM Well I think he really had a lot of things he was trying to address. One was the specific issue of the mandate and the commerce clause. That’s why I think so many people thought the legislation would be overturned. And the fact he was able to make a bridge to find that it was a tax, not a mandate.  I think was very interesting.

I thought the reasoning was a little tortured but I think he was really concerned about the future of the court, the public perception of the court.

So I understand what he was trying to do. Again it’s not a situation where they’re making a decision that ties the hands of the other branches of government. It really transfers to the decision to those two branches. And it’s now up to those two branches to make a decision that’s in the best interest of the people. Continue reading