Skip to comments.Tax penalty to hit nearly 6M uninsured people (OBAMACARE)
Posted on 09/19/2012 1:13:23 PM PDT by GeorgeWashingtonsGhost
WASHINGTON (AP) Congressional budget analysts are now estimating that nearly 6 million Americans most of them in the middle class will have to pay a tax penalty for not getting health insurance once President Barack Obama's health care law is fully in place.
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Tax, my azz.. They’ll FINE 6 million people x 1,200.00 ea will raise $6.9 Billion??? That’s not nearly enough to pay for much of anything and it sure puts our over $16 TRILLION federal debt in perspective, doesn’t it..
Does it count if a person is on their spouse’s insurance? I assume it does, but wasn’t sure.
Taxes just swarm around this debacle of a bill don't they?
If you are than you are insured. However, under 0bamacare I see most employers dropping health care coverage. That’s one of the goals of Obamacare, to “TRANSFORM” or “CHANGE” into Single Payer System. THAT’S the goal.
That's because it's a tax bill, not a healthcare bill.
I would think for them to pull this off as a tax, they would have to design a form that would tax EVERYBODY $1200 and then have you claim a credit for having a policy that passed muster and / or some sort of income-limited credit. Otherwise I’d think they would fall into a semantics trap. Then there’s the whole issue on how to document compliance. The bottom line is that it will prove to be so cumbersome that people will see that single-payer is inevitable.
and the cost goes up year after year after year in fines. It’s a dirty bloody secret. Thanks for placing out on the board, for some to see, a truth.
and if that 47% of voters LET this happen by re-electing him so we can’t repeal it . . . then I will not have one ounce of sympathy for them. not one ounce. let the IRS confiscate their usual “refund”. let them feel some pain in their wallets for a change.
Look on the bright side. They won’t be “middle class” for long and won’t have to worry about that. The debt machine that supports so many idle, “middle class” regulators and services dependent on debt isn’t magic.
So if I operate a business that has a loss which offsets the insurance penalty, do I still have to pay it?
Sorry, Bob. Don’t know the answer to that one.
I agree - it would be a much more realistic “tax,” rather than “fine,” if it were handled on a credit/refund basis.
However, as you observed, “It’s not a bug - it’s a feature!” The point is for it to be unworkable as passed, so that we end up with a National Health Service disgusting mess.
2014 with full effect of the penalties in 2016. It’s in the article, you know.
reading articles is for wimps. I like rushing headlong into ignorance!
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