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The percentage is based on the percent of federal poverty level (FPL) for the household, and varies slightly from year to year. In 2019, it ranged from 2.08% of income (100%-133% FPL) to 9.86% of income (300%-400% FPL). [68] The subsidy can be used for any plan available on the exchange, but not catastrophic plans.
The plan would cut the corporate tax rate from 35 percent to 20 percent; allow companies to immediately deduct their capital investments; phase out the taxation of U.S. corporate income earned abroad; cut the capital-gains tax rate for individuals from 23.8 percent to 20 percent; eliminate the alternative minimum tax and federal estate tax ...
In the United States, Medicaid is a government program that provides health insurance for adults and children with limited income and resources. The program is partially funded and primarily managed by state governments, which also have wide latitude in determining eligibility and benefits, but the federal government sets baseline standards for state Medicaid programs and provides a ...
The ACA includes health-related provisions, most of which took effect in 2014, including expanding Medicaid eligibility for people making up to 133 percent of the federal poverty level (FPL) starting in 2014, [304] subsidizing insurance premiums for people making up to 400 percent of the FPL ($88,000 for family of four in 2010) so their maximum ...
Disability income (DI) insurance pays benefits to individuals who become unable to work because of injury or illness. DI insurance replaces income lost while the policyholder is unable to work during a period of disability (in contrast to medical expense insurance, which pays for the cost of medical care). [142]
Economic recovery after 2002 was thus accompanied by significant improvement in income distribution: in 2002, the richest 10% absorbed 40% of all income, compared to 1.1% for the poorest 10%; [211] by 2010, the former received 29% of income, and the latter, 1.8%.