“What if you make less than $20K a year, “
Read the post. The family’s payment will be $2600.
See? There's the problem. I did read the post and here's why I ask:
(From the article):
Under the law, the penalty for not buying health insurance is supposed to be capped at either the annual average Bronze premium, 2.5 percent of taxable income, or $2,085.00 per family in 2016.
A family of four (or five), with gross income of $20,000, will not have any taxable income (adjusted gross income) and will qualify for the EITC. If the working spouse gets insurance from his employer, but cannot afford the insurance offered for his wife and kids (if he wants to feed, house and clothe them), is he subject to the fine (Obama)/tax (USSC)?