Tuesday, July 19, 2011

Will Obamacare decrease or increase my taxes and or health insurance?

Does anyone know?
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It really depends on your income. As far as your taxes, if you make <$250,000, then your taxes will not likely go up a whole lot. If you make <$50,000 and are raising children, you will likely get a larger tax return. As for your health insurance, should you decide to keep it, it could go two ways. 1. It could get more expensive because the insurance company is afraid that less people will be on their insurance. OR 2. It could get a lot cheaper due to the "public option" causing some competition. Either way, you won't likely notice a large increase in taxes or insurance cost.
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