"ACA" Posts
The Impact Of The ACA On Small Business Owners
By Ken DiPrima
Eric Lee’s excellent article on the consequences of the Affordable Care Act (ACA) on married taxpayers is an outstanding examination of how this law affects a very select, but rather small portion of American taxpayers (approximately 2.9% of all married couples have taxable income of $250,000 or more). Businesses, additionally, making over $250,000 in profit must pay a .9% increase on the current Medicare part ‘A’tax on that portion of their income over that amount. The tax is split (.45% each) between the employer and employees making over $200,000 individual or $250,000 family.
The Affordable Care Act Is Less Affordable For Married Taxpayers
By Eric Lee
Much has been made about the controversial provisions of The Patient Protection and Affordable Care Act and Health Care and Education Affordability Reconciliation Act of 2010 (“ACA”). As documented through many other sources, the Act contains important changes that will have a substantial impact on small business owners and individuals. The most controversial of these changes include penalties for small businesses failing to provide adequate health insurance for employees and an individual mandate that people obtain health insurance, or be subject to a penalty. Much to the chagrin of many, the individual mandate was upheld by the Supreme Court, and …
