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One of the main consequences of “taxing the rich,” especially when what is considered “rich” keeps getting lower and lower, is that it penalizes success. You can’t make “too much money,” or else you’ll have to pay more in taxes. So, it’s best if you just stay below “rich” tax bracket and not try to do any better.

Not surprisingly, Obamacare has the same effect. If you make more than 400% of the federal poverty limit (FPL), which varies by household size, even by $1, you will no longer be eligible for a government subsidy to purchase health insurance, and you’ll be on your own.

Household Size

400% FPL

Premium Cap

1 (Single)

$45,960

$4,366

2 (Couple)

$62,040

$5,893

3

$78,120

$7,421

4

$94,200

$8,949

Under Obamacare’s rules, as long as you’re within 400% of the FPL, you won’t be required to pay more than 9.5% of your income toward health insurance. The subsidy will pick up the difference.

But as soon as you make just over 400% of the FPL, you’ll no longer be eligible for the subsidy, and you’ll have to pay the entire premium yourself, leaving you with less money by the end of the year, even though your income is higher.

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