Obamacare math: Even the IRS can't do it
Under Obamacare, Americans who buy their own health insurance are required by law to estimate their income for the year and the amount of federal health insurance subsidy for which they qualify. An incorrect estimate will get them in trouble with the IRS, even though it cannot provide accurate estimates either.
Last week the U.S. Department of Health and Human Services announced that the IRS had miscalculated subsidies for 800,000 Americans. Figuring out taxes is what the IRS does. It exists for that purpose. If it has a 20 percent error rate (which was the case here) in figuring out Obamacare subsidies, what hope is there for the average Joe?
Suddenly Obama's "free" community college tuition plan makes sense. The accounting classes are necessary just to figure out the Obamacare subsidies.