But his health plan includes major tax changes. This was the overall goal of the tax plan proposed by House Republicans last June:“For families and individuals, the new tax system will simplify and lower tax rates. The approach…will be simple enough to fit on a postcard for most Americans.”How do they tax changes in the health bill stack up against those goals? The Premium Tax Credit, an income-based refundable credit to help individuals and families purchase health insurance through state and federal marketplaces. They include an age-based refundable tax credit (the older you are, the bigger the credit) that would phase out for those making $75,000 ($150,000 for couples).

Source: Forbes March 09, 2017 20:28 UTC