we re 41 years old. we decided to change our business model to have full-time employees so we can help them improve their quality of life. they can depend on a certain amount of money to be able to create their balance and budget every week. we agreed we would train them and improve their quality of life and have benefits like health insurance. of that 340 or so going into obama care, the estimate, was i correct your costs could be up to $1.5 million? is that how you estimate it? actually, i got the estimate from the u.s. chamber that s been helping me on this. they told me that if i want to continue to provide insurance for my employees, it would cost me another $1.5 million. if i choose to do the penalty tax, that would cost $680,000. what do pay is that more
we re 41 years old. we decided to change our business model to have full-time employees so we can help them improve their quality of life. they can depend on a certain amount of money to be able to create their balance and budget every week. we agreed we would train them and improve their quality of life and have benefits like health insurance. of that 340 or so going into obama care, the estimate, was i correct your costs could be up to $1.5 million? is that how you estimate it? actually, i got the estimate from the u.s. chamber that s been helping me on this. they told me that if i want to continue to provide insurance for my employees, it would cost me another $1.5 million. if i choose to do the penalty tax, that would cost $680,000. what do pay is that more
am not going to ensure my people i will just pay the penalty. there are individuals. a penalty not a tax. of course a tax. the penalty tax on individuals they figure will raise about 50 billion over ten years and then you have penalties paid by businesses who don t buy insurance. remember you have to buy insurance or you pay the penalty. we have just covered four or five of the twenty-some taxes. it is so complex. h & r block made a commercial to capitalize on the complications of obama care. the affordable care act means big changes this year when you file your taxes. i read the whole 900 pages. i will give you a tax and healthcare review. i know the law. i have the solutions. i can help you figure it out. something about this big grin. we invited h & r block on the show to talk about the gloating in this ad but they didn t
penalties that says i will not insure my people i will just pay the penalty. it is the tax. the supreme court says it is a tax. the penalty tax will raise about $50 billion over 10 years and penalties paid by businesses who don t buy insurance. you have to or pay the penalty. john: we just cover four or five out of 20. it is so complex h&r block made a commercial to capitalize on the complications of obamacare. be affordable care act means big changes when you file your taxes. i read the whole 900 pages. i will give you a tax and health care review. i know the law. i have the solutions and can help you figure it out. john: she is smiling. a big grin. i invited h&r block to talk
earning over $200,000. that s another full percentage point. also we have a penalty tax will be imposed on the individuals. and also some employers. then on top of that we have, as kerry mention the, the alternative minimum tax patch. so we have five huge consequences right out of the box. you cover the economy every day. what does that mean to you and how does that affect the average person that will watch this go through? a lot of people entered the new year thinking i can t wait to file my taxes so i can get my tax return check. here is the irony and we will start from the bottom of the list. amt is my favorite thing to talk about because it s also known as the wealth tax. it was created 43 years ago because evil, greedy people were not paying their quote, unquote, fair share. this time it could affect $34 million people starting at $74,000. why? it was never indexed for inflation.