For folks who can get more than one 28-hour-per-week part time job (that’s coming, too, you know), you’re going to find people that make up to $62,000 and people that make more than $77,000*. There won’t be anyone between those numbers.
What will end up happening is that $62,000 will be a ceiling. Any more than that, and take home pay effectively goes down. You’d need a 25% raise, at the very beginning of the year, to offset the loss of the subsidy.
Which will need a “fix” at some point in the future, I’m sure.
*2014 maximum income for a subsidy is $62,040. The cheapest Obamacare Approved plan is $15,000.
Speaking from experience the rejoinder will be “Well you can put more money into a 401K or donate it to charity!”
And while the former will increase your net value… eventually… provided it’s not “nationalized” both options are a “let them eat cake” aren’t they?
Oh you want more take home pay prole? Sorry no dice.
And don’t forget the “fix” for those part time jobs. That’s coming too.