The Dead-Weight Cost of Obamacare’s Loopy Tax Credit

Obamacare crushes jobs because of its loopy distribution of tax credits. As discussed previously, the (premium-reducing) tax credits for Obamacare coverage phase out in such a way that beneficiaries face very high marginal income tax rate hikes at household incomes up to 400 percent of the Federal Poverty Level.
However, even those who increase their incomes despite the higher tax burden face the hassle of figuring out how much they owe in tax and premium at the end of the year. This nuisance imposes a dead-weight loss on the economy, wasting people’s time and energy. Here is an example:
Last year, Santa

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