Wednesday, July 15, 2009

Poor?

From The Associated Press (My Way News, My Way News - A look at the House Democrats' health bill, July 15, 2009):
SUBSIDIES: Individuals and families with annual income up to 400 percent of poverty level ($88,000 for a family of four) would get sliding-scale subsidies to help them buy coverage. The subsidies would begin in 2013.

I assume that the $88,000 is adjusted gross income, not gross income.  If so, I'm poor and would get a subsidy.

I knew times were tough for us, but I had no idea we needed government handouts. As the post below indicates, refusing these handouts would come with a penalty.