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If people escape penalties, what pays for ObamaCare?
onenewsnow.com ^ | March 18, 2015 | Chris Woodward

Posted on 03/19/2015 7:53:22 AM PDT by PROCON

ObamaCare turns five this year and it's anyone's guess how the government is going to pay for the law.

The federal government requires virtually everyone living in the United States to have some form of health insurance. Starting this year, those who did not have health insurance in 2014 could face a tax penalty, which is supposed to be a funding mechanism for the Affordable Care Act.

Hadley Heath Manning, director of health policy at the Independent Women's Forum, says the tax penalty is intended to help pay for ObamaCare.

(Excerpt) Read more at onenewsnow.com ...


TOPICS: Chit/Chat
KEYWORDS: aca; obamacare; tyranny
There are so many "exemptions" to the penalty, that very few will be paying the penalty.

As designed from it's inception, the ACA is funded by the working middle-class.

Income redistribution.

1 posted on 03/19/2015 7:53:22 AM PDT by PROCON
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To: PROCON

Such an odd way to help those who cannot afford healthcare. Fine them.


2 posted on 03/19/2015 7:55:44 AM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: PROCON

The 8% rule saved me. No health insurance, no penalty.


3 posted on 03/19/2015 7:55:51 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: PROCON

Just hastening the total economic collapse of America through unsustainable debt.


4 posted on 03/19/2015 7:56:45 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: American in Israel

Two of my sons are in that boat. They cannot afford the premiums so Obama thinks the best way to deal with that is to fine them.


5 posted on 03/19/2015 8:15:18 AM PDT by Blood of Tyrants (True followers of Christ emulate Christ. True followers of Mohammed emulate Mohammed.)
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To: cuban leaf

What’s that rule? I have been only sort of following the laws.


6 posted on 03/19/2015 8:34:45 AM PDT by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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To: wally_bert

If the cost of the bronze plan is more than 8% of your wages, you are exempt from the penalty. My wife and I are both over 60. The cost for the bronze plan for us is over $10,000 per year.

You do the math. :-)


7 posted on 03/19/2015 9:07:58 AM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: Blood of Tyrants

A simple question about the ObamaCare fines. Where does the fine come from? I am not talking about the fine; but, the money to pay the fine.

Does it come from your income as reported to the IRS?

Does in come from your tax refund?

If the later, there is a very simple way to cripple ObamaCare by denying any money. Manage your Federal Income Tax bite so you don’t get any refund.


8 posted on 03/19/2015 10:10:39 AM PDT by Nip (BOHEICA and TANSTAAFL - both seem very appropriate today.)
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To: PROCON

The middle class was maxed out long ago, so were their children.

Obamacare is paid for by taking out loans against the future earnings of the middle class’s grandchildren.


9 posted on 03/19/2015 10:15:02 AM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: Nip

I read that the only way they IRS can collect the fines is to withhold it from your tax refund.


10 posted on 03/19/2015 11:05:29 AM PDT by Blood of Tyrants (True followers of Christ emulate Christ. True followers of Mohammed emulate Mohammed.)
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To: Nip

As far as I know the only way they can get them is to take it from your tax refund. I didn’t get ObamaCare coverage, they can have that 6 cent refund.


11 posted on 03/19/2015 7:10:22 PM PDT by matt04
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To: PROCON
In any case, it's not designed to be sustainable.

In a few years it falls apart as designed, making complete nationalization politically possible.

12 posted on 04/09/2015 7:40:39 PM PDT by Salman
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