Paper Contents
Abstract
This research analyzes the multifaceted effects of Obamacare i.e., Affordable Care Act on tax revenues in the US post its implementation by investigating changes in Individual and corporate taxation. This research performs an in-depth analysis of the post implementation situation, looking at changes to tax revenue within a certain time frame. The study also goes to detail the complex working of personal tax liability, as it investigates how new taxes and changes on tax credits influence governmental revenue obtained from individual paying citizens. Moreover, the research covers corporate taxation issues as well and looks into effects of Obamacare on businesses in terms of employer mandates and altered incentives for taxes. This analysis seeks to reveal changes in corporate tax revenue and subsequent fiscal actions businesses take as a result from Obamacare, helping formulate an overall picture of the economic effects of this program. With ongoing discourse on healthcare reform within the nation, this research offers substantial perspectives on other wider fiscal parameters that can straddle health policy and financial dynamics. The findings provide policymakers and stakeholders with a framework for informed decisions to ensure that healthcare and fiscal policies continue evolving in tandem with the changing population needs while staying within sustainable economic boundaries.
Copyright
Copyright © 2024 Greeshma S. This is an open access article distributed under the Creative Commons Attribution License.
