Obama's "You can keep your plan" failed to anticipate how much Americans love cheap crappy plans

[BlueStreak]

58. Please stop doing this. You are confusing others.

From http://obamacarefacts.com/insurance-exchange/calculating-tax-credits.php

Why Does MAGI Matter?

Modified Adjusted Gross Income is a measure used by the IRS to determine if a taxpayer is eligible to use certain deductions, credits, or retirement plans. “Modified Adjusted Gross Income” (not "Adjusted Gross Income&quot will be used in determining eligibility for your health insurance tax credits. The IRS phases out the tax credit as your income increases. By adding MAGI factors back to your AGI, the IRS determines how much you really earned. Beginning in 2014, your MAGI determines whether you will be eligible for premium tax credits on the new Health Insurance Marketplaces

What is Adjusted Gross Income?

Generally, your Adjusted Gross Income (AGI) is your household's income less various adjustments {Bluestreak ed: not DEDUCTIONS} . Adjusted Gross Income is calculated before the itemized or standard deductions, exemptions and credits are taken into account.

What is Modified Adjusted Gross Income?

Generally, your Modified Adjusted Gross Income (MAGI) is the total of your house hold's Adjusted Gross Income and any tax-exempt interest income you may have (these are the amounts on lines 37 and 8b of IRS from 1040).

None of the deductions come into play. This is all pre-deduction.