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View Diary: Politico: The Deal Is Done. Uh-Oh (214 comments)

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  •  I would think it would work (0+ / 0-)

    Like social security. You say you don't expect to make more than x in  a yr (I think it's 14500 or close to) and if you make more, you get levied a tax/fine when you file your taxes.

    This could be done the same way. You got x for a subsidy, but you only should have gotten y based on your income, so you get z tacked on to your tax bill.

    If you were due a refund, you get a smaller one. If you owe more than you were getting back, you have to pay.

    It should be pretty easy.

    •  But will you be slapped with an extra fine/fee (1+ / 0-)
      Recommended by:
      chantedor

      beyond that if you guess too low or will you just have to pay back the amount owed?  So say you got $200 too much for the subsidy would you just pay that back or would it be that you have to pay the $200 back plus say a $1,000 fine for guessing too low?

      You have watched Faux News, now lose 2d10 SAN.

      by Throw The Bums Out on Mon Oct 14, 2013 at 04:52:02 PM PDT

      [ Parent ]

      •  I would think it would be like if you (0+ / 0-)

        Owed tax. If you pay it when it's due, you don't get a penalty. And unless the amount you expected to make and what you did make were hugely different there would be no need for a penalty. People don't always figure correctly.

        If you don't have enough tax withheld, you just owe when you file. As long as you pay it by April 15, it's not that big a deal.

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