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ObamaCare's Mandate Penalty Tax Brings In 40% Less Than Expected
Investor's Business Daily ^ | 07/16/2015 | John Merline

Posted on 07/17/2015 4:21:40 AM PDT by IBD editorial writer

The IRS reported this week that 6.6 million people paid the ObamaCare mandate penalty for not having insurance last year, which the administration says is 10% higher than they'd expected. This isn't exactly good news, given that the entire point of the mandate penalty tax is to encourage everyone to buy coverage. Even if it were, the number comes with two big caveats.

(Excerpt) Read more at news.investors.com ...


TOPICS:
KEYWORDS: aca; insurance; mandate; obamacare; oops

1 posted on 07/17/2015 4:21:40 AM PDT by IBD editorial writer
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To: IBD editorial writer

Wow. 6,6 mil paid the penalty. That’s 6,6 mil too many given the numerous loopholes and exemptions. That’s a failure for our side in that we didn’t educate these people in how to avoid it.


2 posted on 07/17/2015 4:32:52 AM PDT by RKBA Democrat ( The ballot is a suggestion box for slaves and fools)
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To: IBD editorial writer
since it's a Tax, why aren't they charged with tax evasion???
3 posted on 07/17/2015 4:41:00 AM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY)
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To: IBD editorial writer

The way I remember it is they expected all the sheep to sign on right away.

And they spent millions to egg the cow on and step up to the plate so they can be milked.

Everyone’s covered, everyone saves $2500/yr, and life is beautiful!


4 posted on 07/17/2015 4:54:54 AM PDT by Paulie (America without Christianity is like a Chemistry book without the periodic table.)
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To: RKBA Democrat

My family got the exemption, we had to have our representative get it for us...

which is why Obamacare will never go away. More power to the representatives.


5 posted on 07/17/2015 5:05:48 AM PDT by Geoffrey
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To: RKBA Democrat

“ObamaCare’s Mandate Penalty Tax Brings In 40% Less Than Expected”

So, does that make it UN expected?


6 posted on 07/17/2015 5:16:11 AM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day".)
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To: Geoffrey

Of course. Still, inundating them with exemption requests is a good thing.

Did the health sharing ministries approach not work out?


7 posted on 07/17/2015 5:33:04 AM PDT by RKBA Democrat ( The ballot is a suggestion box for slaves and fools)
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To: IBD editorial writer

It’s not a tax, it’s not a penalty.

It’s an “Individual Shared Responsibility Payment”.

Responsibility is a good thing, right?


8 posted on 07/17/2015 5:34:27 AM PDT by Fresh Wind (Falcon 105)
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To: Fresh Wind

Responsibility is a great thing and I am a very responsible person, everytime something goes wrong my wife tells me I am responsible.


9 posted on 07/17/2015 5:38:31 AM PDT by RipSawyer (Racism is racism, regardless of the race of the racist.)
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