By now, you may have seen headlines claiming that the government is offering tax credits to the private health insurance industry.
This is an obvious lie, since it is only the private sector that is eligible for the tax credits.
But the truth is much more sinister, and it is not as simple as it first appears.
The reality is that the Tax Cuts and Jobs Act (TCJA) has a lot of new and interesting provisions in it.
For example, the TCJA is the first federal tax cut that does not require the Senate to agree to a tax hike with a simple majority.
In fact, the tax cut has a simple bipartisan support, with Senators Mitch McConnell and Lindsey Graham agreeing to the bill without a single Democrat voting against it.
And unlike the Tax Cut and Jobs bill, the TCAJA also includes a very small increase in the payroll tax.
As you can see from the chart above, the Tax Credits are only for the private insurance industry, not the health care industry, which is only eligible for a tax cut for the very small amount of companies that are not in the health insurance market.
This means that, in practice, the private insurers are getting a much bigger tax break than the healthcare industry.
So why is this important?
Well, the reason for the $2 million tax credit is that it is an expansion of the tax credit for individuals.
It is intended to help the more than 150 million Americans who do not earn more than $250,000 per year.
This does not include the millions of Americans earning more than the income threshold of $150,000, as it does for the healthcare and food industries.
As we explained earlier, it is important to understand that the TCCA does not actually increase the amount of tax that people pay on their income.
Instead, it increases the tax brackets that apply to certain income levels.
If you earn less than $150 the Tax Credit is $2,500 for individuals and $4,000 for married couples.
If your income exceeds that level, however, you will pay a tax of $10,000 on any income over that level.
This means that the maximum Tax Credit that is available to a single person is $4 million, which does not increase the total amount of income that you are able to claim as taxable income.
The maximum Tax Credits that are available to married couples is $8 million.
But if you have more than one spouse, you would be able to increase your tax liability to $10 million by filing a joint return.
Now, if you earn more, then the TCCC is available for you to claim a larger tax increase.
For instance, you could receive the maximum tax credit of $2.5 million if you make $125,000 and the Tax Benefit of $1.2 million if your income is $200,000 or more.
If, on the other hand, you make less than this threshold, the maximum amount of the TccA is $3.25 million.
So the maximum TCCC you can claim is $5.5 billion, which means that for the purposes of the Tax Act, you are effectively receiving a $2 billion tax cut.
This is exactly the same as what the CBO said the first time around:The TCCC does not have a name, but the law uses it in a way that is very similar to a “tax increase.”
The law says that the $1 billion in tax relief will be available to the public, not to private insurers, and the $10 billion in benefit will be distributed equally among all taxpayers.
This makes sense, as the law does not give tax credits for individuals or corporations.
But what does it mean to be a “person” or a “corporation”?
This is where things get really interesting.
If the tax cuts are applied to all taxpayers, then, for example, if I am a corporation, and my employees receive a $10.5M tax credit, the $8.5 Million in benefits will go to all my employees.
However, if the taxpayer’s spouse earns $10 Million, the benefit will go only to his or her spouse.
So, for an individual, the only way to receive a tax increase is to earn more money, but if a corporation or individual earns more, the amount that they receive is distributed proportionately among their employees, with the individual paying more to their corporation and the corporation paying more than it to their individual.
This does not mean that every taxpayer receives the full $10 Billion in benefits.
However it does mean that the vast majority of taxpayers receive some portion of the $4.5 Billion in benefit.
The Tax Cents chart above shows the tax reduction that is due to the TACA, but it does not show how much tax benefit will actually be paid to the vast vast majority.
This chart shows the amount the Taxpayers will pay on average for a $4K raise