To: rarestia
It's not $95. It's 1% with a minimum of $95. So if you are working at minimum wage for 28 hours a week (hmm, that's a familiar work week for some reason), you'll owe $105.56 if the taxpenaltyfeefinetax is based on the gross pay.
18 posted on
11/04/2013 10:54:14 AM PST by
KarlInOhio
(Everyone get online for Obamacare on 10/1. Overload the system and crash it hard!)
To: KarlInOhio
Understood. And in 2016, it’s 4%. That’s a LOT of money for my family if we choose to not get insurance from Obama.
Thank God that Rush pointed out how the law was written to prevent the IRS from using collections to collect the “fee” if you aren’t owed a return. I’ll just ensure that I don’t have a return coming to me, and I’ll be okay.
20 posted on
11/04/2013 10:55:55 AM PST by
rarestia
(It's time to water the Tree of Liberty.)
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