I didn't hear that. I thought that it was only going to be $95 the first year. No percentage.
And guess who won't pay it — the cheats, who wanted Obamacare — while the rest of us, who take our taxes seriously, will pay it.
The story repeats itself — cheaters do win.
Which is precisely WHY the line 61 should be removed.
1% of net income or 95.00 whichever is larger. And, btw, that is- my understanding— assessed if you have full annual coverage. Could be wrong on this, and the assessment is there if you don’t check the box for full annual coverage.
Because, you see, your premiums are deductible on Schedule A.
For a real thrill, check out the CMS exemption forms for seeking exemptions for the surtax/mandate. One of the conditions allowed for exemption is the cost of your coverage being 8% or more of your annual income-— BUT, to get the exemption you have to fill out one of their G-D forms at CMS (and include your SS#) and state your income there for them to “check” w/ the IRS!!! Another whole bureaucracy with your personal information and govt. surveillance. That is what these jackasses wrote into a law- interlocking federal bureaucracies affecting our very ablility to get healthcare of ANY quality. And it will be much lower quality.