The Supreme Court announced on Thursday that, for the most part, they were siding with the healthcare law commonly referred to as Obamacare.
However, in an interesting twist they only agreed because Congress has the ability to create taxes, and to the Court, clearly the mandate was a tax increase. Anything that you have to pay if you don’t pay something else in, at its core, a tax.
Of course Democrats in Congress never wanted to call it that because it never would have passed. Now that the Supreme Court has upheld the law as constitutional it will be one of the largest tax increases in American history.
But that’s why we have a democracy: the branches of government that balance each other out.
Most of us are better served in watching our own finances that worrying about the Supreme Court. Here are some articles to help you do that:
The Simple Dollar | How Much Are Family-Friendly Benefits Worth?
Financial Highway | What the Past Can Teach Us About Saving Money in the Present
Bible Money Matters | How To Avoid Flight Cancellation And Change Fees And Get A Refund For Your Air Travel
Krant Cents | The 3 X’s of Success
Five Cent Nickel | How Much Does She Spend? Why Comparing Yourself to Others Is a Mistake
Moolanomy | Cut Recurring Expenses to Save Over and Over Again
Smart Military Money | A Word of Warning About Campus Debit Cards
Wise Bread | 5 Tactics for Relieving Work-Related Stress
CNN Money | Can you trust your financial adviser?
Frugal Portland | Six ways to save on groceries
Consumerism Commentary | Summer Internship: Career Opportunity or Cheap Labor?
Boomer and Echo | Do Stock Market Cycles Influence Your Investing Behaviour?
Get Rich Slowly | Finding Balance in an Imbalanced World
Free From Broke was featured in the following carnivals this week:
Festival of Frugality #342: Wimbledon Edition | Help Me To Save
Personal Finance Success – Motiviation to have personal finance success
The Yakezie Carnival – Summer Vacation Edition | One Cent At A Time
Articles this Week from Personal Finance Blogs | Personal Investment Management and Financial Planning