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Originally posted by: Boilerman
Here's a wonderful "real World" example of a couple who signed up for Obamacare on "the site". My brother retired very comfortably at the age of 55. He's currently 60 years old, his wife is 59, and their two children are adults and on their own. My bro and his nice wife of 34 years made their annual January two week trip to Hawaii a few months back. They rent three private villas since mom and dad also pay for flights and lodging for their 2 kids, their spouses, and two grand children. I'm guessing this trip runs twenty five grand. Last April the bro traveled with me to Texas for a 5 nights and four rounds of golf. Last April they spent 10 days in the outer banks with friends. Unfortunately he's going to miss this year’s Indy 500 since he and the wife are spending 4 nights in Amsterdam, then 10 nights in the Serengeti (Tanzania Africa) watching wildlife. The safari portion of this trip is $14,700 alone (I saw the itinerary). Big Lar owns two planes plus one hanger valued at about $250,000 (the expensive one being a fully restored German Bucker Jungmann Bi-plane WWII trainer. His $504,000 home (pulled off of Zillow this morning) was paid off years ago. I'm missing many other minor trips over the last year, but you get the idea
Since my bro decided to pull back his investments into a mostly cash position, his "income" was quite low as they lived off of "cash".
It's good to know that my bro is receiving subsidized Obamacare savings of approximately $8000 annually vs his previous plan. His wife had breast cancer several years ago, so this is wonderful for them.......at the expense of the rest of America.
Watch everyone’s rate climb next year.
I told myself to stay out of this thread but i can't help myself.
Boilerman, you give an excellent example of why "wealth", not income, needs to be the focus of our tax and benefit system. Too many execs getting away with minimal salaries but gobs of untaxed benefits that contribute to their massive wealth. Glad to see that you recognize the injustice of a system based on income.