ArkTinkerer
Full time employment: Posting here.
- Joined
- Aug 12, 2014
- Messages
- 584
I read perfectly. Where do you think the subsidies come from? A magical money tree? Everything comes from the government which funds itself through taxes. If you take advantage of the IRA to Roth conversion "loophole" in order to pay lower taxes I do not see that as being any different than taking advantage of the subsidy loophole to pay a lower insurance premium. I guess you could make a claim that the Roth conversion isn't a loophole because it was intended for people with high assets and the subsidy was not intended for people with high assets.
In the end, the government will get more money from me even though I take the subsidy than it will get from you because you avoid taxes with the Roth conversion. Net result is I am paying more for those poor people than you are, even though I am participating in the subsidy they receive.
If you really want to help the poor, you will take advantage of every possible tax break, loophole, legal means you can. Then take your savings and find an efficient charity to work with directly. Paying the middle man is bad business and bad charity.