Posted on 01/14/2015 6:58:16 AM PST by PROCON
In the coming weeks, Americans will embark on the painful process of filing their tax returns. While this annual ritual leaves most people confused, depressed and overwhelmed, many will be faced with the additional step this year of paying hundreds or thousands of dollars if they chose not to purchase health insurance under ObamaCare for 2014.
Under the individual mandate required by the president’s new health care law, Americans for the first time must pay the higher of two penalties if they are uninsured and did not enroll in ObamaCare last year—either $95 per adult and $47.50 per child under 18, or 1 percent of their yearly household income above the $10,000 tax filing threshold. That means an individual earning $50,000 will face a penalty of $400 this year, and fines could reach up to $2,448 per person or up to $12,240 for a family of five.
(Excerpt) Read more at foxnews.com ...
In practice, this article is written by John McCain.....so I'm understandably suspicious.
Absolutely. I can throw McCain farther than I trust him with both hands behind my back.
A throwaway bill because McCain is getting nervous. The GOPe wants total control of us from cradle to grave as much as the Rats do. They just talk like they don’t.
People really have no idea how bad this can (and probably will) get. This is the first year that Obamacare is going to hit is ALL at tax time. People react differently if and when some new law directly affects them.
It’s going to be a very interesting year.
Based on the cost of insurance, it appears the 8% of income rule means a person needs to net six figures to be required to pay a penalty.
McCain is in on it so what’s the catch?
Or the young folks that voted for him.
Yep.
The way to KEEP Obamacare is to exempt enough of the “right” people.
The way to GET RID OF Obamacare is to make everyone live with it.
Can they do that with Sosha Security?
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