Believe it or not, Obamacare is pro-divorce.
Incredible as it may sound, the bill contains a "wedding tax" that penalizes high-income couples and is likely to hit middle-income couples, too.
According to the Fiscal Times:
- A high-income couple, each with incomes of $400k, would save about $27k annually if they divorced and filed their taxes separately.
- A typical 40-year-old couple with two children and earning a combined income of $93k could save $7,230 annually by divorcing (for example, if one partner earns $70k and the other $23k.)
- Sixty year-olds earning $62,041/year would save $11,028 annually if they divorced.
Obamacare was designed to provide healthcare benefits that are substantially more generous for lower-income citizens. As a result, marriage penalties were written into the bill because of how income is counted and rules concerning how benefits are structured. Thus, the income of a married, wage-earning couple is counted jointly; with higher joint income, their healthcare subsidies are lower.
Remember how the President of the Catholic Hospital Association, Sr. Carol Keehan, proudly accepted a pen President Obama used to sign the bill into law? The Motley Monk wonders if she ever read this provision which encourages divorce and cohabitation?
Let the discussion begin...
To read the article in the Fiscal Times, click on the following link:
"Why Divorce Attorneys Will Love ObamaCare."