No. of Recommendations: 21
http://news.investors.com/101912-630136-obamacares-4-cliffs-...

For companies with 49 workers that do not offer its employees health coverage, the hiring of just one more worker would carry a penalty of $40,000. France has 2.4 times as many firms with 49 employees as with 50 due to labor regulations that take effect with the 50th hire.

It's not hard to see how the next $5,000 or so in income for a family at 200% of the poverty level could be completely offset by higher taxes and smaller government subsidies.

The cliff is even steeper for families at 400% of poverty. Just past that point, families would lose eligibility for ObamaCare subsidies, which can get quite valuable for older workers.... an eligible 60-year-old individual in a midcost coverage region would get a $5,800 subsidy in 2014, equal to 13% of the worker's $46,000 in wages. Earning just a few hundred or even a couple of thousand dollars more would amount to a big pay cut.
_____________________

Obama: the "Why work?" president.

--fleg
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