Tuesday, July 3, 2012

Should Small Businesses Really Fear Obamacare?

The bill in fact contains substantial benefits (some might even say giveaways) for small businesses. That starts with a program already under way to offer special subsidies to firms with fewer than 25 employees that want to offer health benefits. As long as your employees earn less than $50,000 on average (law firms, medical practices, and other elite professional partnership are thus ineligible), you can get a tax credit to defray 35 percent of the cost of the insurance if you?re a for-profit firm, and 25 percent if you?re a nonprofit. When the law really gets rolling in 2014, those subsidies rise to 50 percent for for-profits and 35 percent for nonprofits.

Source: http://feeds.slate.com/click.phdo?i=6006f204935af2eca66f8a50cd4c53e0

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