Nannies that Don’t File Taxes Won’t Be Able to Get Government Subsidized Health Insurance (But They Might Qualify for Medicaid)
I’ve often tried to explain the benefits of paying taxes to nannies who prefer to be paid in cash. Yet, it is estimated that 80% to 90% of domestic workers don’t pay taxes.
I feel the same attitude of not considering long-term affects of their financial decisions will keep many nannies (that already don’t pay taxes) from buying health insurance despite the fact that the Affordable Health Care Act requires American’s to be covered by health insurance by January 1, 2014.
The Internal Revenue Service (IRS) will be penalizing those who don’t have health insurance starting January 1, 2014. But the penalties are actually intended for businesses with employees, not families. Since the penalties…
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