liberal N proud (39,105 posts)
How Much Is the ACA ‘Tax’?
Last edited Fri Jun 29, 2012, 12:42 PM USA/ET - Edit history (1)
Q: How much will the “tax†penalty be for going without health insurance?
A: The minimum assessment will be $695 per person (but no more than $2,085 per family) in 2016, when fully phased in. The amount can be higher depending on income. But there are exemptions for low-income persons and others.
But it will be less to start. The minimum penalty per person will start at $95 in 2014, the first year that the law will require individuals to obtain coverage. And it will rise to $325 the following year.
Starting in 2017, the minimum tax per person will rise each year with inflation. And for children 18 and under, the minimum per-person tax is half of that for adults.
http://factcheck.org/2012/06/how-much-is-the-obamacare-tax/
Zalatix (5,398 posts)
1. So if you're making $28,000 a year you now lose an extra $695 a year on this in 2016. Minimum loss.
Nope, that won't hurt anyone's budget. Just get a second job to cover it, they're plentiful!
People in this tax bracket whose employers don't offer health insurance, or who have unemployed spouses, **** them, they gotta pay, dammit. :sarcasm:
I see the soup lines getting longer...
Zalatix (5,398 posts)
10. An EXTRA fifty bucks a month. And at $28,000 a year you likely cannot afford that extra expense.
Where I live, rent is likely to be more than HALF that per year. If your household is making $28,000 you are likely behind on something unless you ride a bike, are single AND are living in a roach trap. Of course it might go further in Le Traileur Parque, Alabammer.
Fawke Em (1,222 posts)
6. No... then you would be give subsidies to purchase insurance
OR you'd qualify for Medicare's extensions, depending upon the number of your dependents.
Zalatix (5,398 posts)
7. $28,000 a year is too high for that. You MIGHT get a subsidy.
Those who do get a subsidy have to pay for the insurance FIRST and then get the subsidy. Kind of a case of too little, too late.
B2G (902 posts)
11. There WILL be IRS enforcement
How do you think they're going to collect that tax? Via your federal income tax returns, that's how.
B2G (902 posts)
9. It is 2.5% of your income or the flat rate of $695
Whichever is more.
The penalty for people who forego insurance is the greatest of two amounts: a specified percentage of income or a specified dollar amount. The percentages of income are phased in over time at 1% in 2014, 2% in 2015, and 2.5% starting in 2016. The dollar amounts are also phased in at $95 in 2014, $325 in 2015, and $695 beginning in 2016 (with annual increases after that). The Congressional Budget Office projects that 3.9 million people will pay the penalty in 2016. The total penalty for the taxable year will not exceed the national average of the annual premiums of a bronze level health insurance plan offered through the health insurance Exchanges.
http://healthreform.kff.org/faq/will-everyone-have-to-buy-health-insurance.aspx
If this law survives to the point that those penalties kick in, the DUmmies will be spitting mad and trying desperately to find some way to blame it on Bush. Sometimes the worst punishment for wanting something stupid is to actually get it.
There are a few folkes over on the island that get it.
Some others are starting to do the math, so they to will get it.
I think that this conversation that they are having will continue to devolve or evolve...whatever.
This really is pretty simple. Just look who is in charge of enforcing the tax/penalty. It's the I.R.S. Therefore I would call it a TAX. :hammer:
Unfortunately, I'm afraid they are going to catch on that it was designed to collapse the healthcare industry & force govt. health neglect.
Unfortunately, I'm afraid they are going to catch on that it was designed to collapse the healthcare industry & force govt. health neglect.
Most of them already know that. You'll see the phrase "stepping stone" or something synonomous to it.
But, assuming nothing changes, when that collapse comes ~2020 the Dems ahve to go hat in hand to a miserable and angry populace and demand the consensus to change to single-payer to fix the problem they said would fix the problem the first time.
Things to be filed under: Yeah, right!
Most of them already know that. You'll see the phrase "stepping stone" or something synonomous to it.
But, assuming nothing changes, when that collapse comes ~2020 the Dems ahve to go hat in hand to a miserable and angry populace and demand the consensus to change to single-payer to fix the problem they said would fix the problem the first time.
Things to be filed under: Yeah, right!
Hope it dosn't come to that. Note to self: must find some more Ted Cruz votes.
I have 41 million welfare dependents and 12 million illegal immigrant dependents.
What do I qualify for?
http://www.democraticunderground.com/1002878048
I have one!
This tells you that it was NEVER about everyone having access; it was about them wanting someone ELSE to pay for THEIR healthcare.
My Stupidometer broke and I have to get a new one! :doh: :banghead: They are expensive.
I'm another Ted Cruz voter.
:cheersmate:
I'm another Ted Cruz voter.
:cheersmate:
I've been reading about this mess here and there, and websites advocating this POS say things like "A single parent with two children, making $20,000 per year will pay only ... italics and bolding mine. $20K is barely subsistence, I can't imagine that in a big city.
BINGO!!! (I lost five more liberal friends on facebook for making a similar statement.)
Here too!