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Keyword: obamacarepenalties

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  • 4 million people paid Obamacare penalties averaging $708 for 2016, IRS says

    08/22/2017 10:37:40 AM PDT · by george76 · 27 replies
    Lancaster ^ | August 22, 2017 | Heather Stauffer
    Four million people paid Affordable Care Act penalties averaging $708 for not having insurance in 2016, according to preliminary figures released by the Internal Revenue Service. The average is just over the base penalty of $695 imposed for a whole year without coverage; those with higher incomes paid more. Overall, that's about $2.8 billion. The agency noted that those numbers are subject to change as processing continues. The penalty started in 2014 with a base penalty of $95. The IRS reported that 7.9 million people paid an average of $210 that year, for a total of $1.6 billion. In 2015...
  • 6.5 Million Taxpayers Paid $3 Billion in Obamacare Penalties in 2016

    03/29/2017 5:45:33 AM PDT · by MarvinStinson · 16 replies
    freebeacon ^ | Ali Meyer — March 28, 2017 | Ali Meyer — March 28, 2017
    Approximately 6.5 million taxpayers paid $3 billion in Obamacare penalties for not having health insurance in 2016, according to preliminary data from the Internal Revenue Service Commissioner John Koskinen. Beginning in 2014, the Affordable Care Act’s individual mandate required that Americans purchase health care coverage or pay a penalty to the Internal Revenue Service. While the number of taxpayers paying the penalty has declined since 2014, the total amount in penalties paid to the IRS has increased since then. In 2014, individuals without insurance had to pay the greater penalty of either a flat fee of $95 or 1 percent...
  • And now, ladies and gentlemen, your new, bigger, 2016 ObamaCare penalties

    01/01/2016 12:20:36 PM PST · by Sean_Anthony · 31 replies
    Canada Free Press ^ | 01/01/16 | Dan Calabrese
    Happy New Year, suckers That “affordable” health care the Democrats gave us in 2010 - on a reconciliation vote when none of them had read the entire 2,000-plus-page bill - sure keeps getting harder to afford. Of course, since ObamaCare is an unconstitutional mandate on individuals to purchase a product offered by private companies, it’s also quite difficult to afford not buying it - even though the product itself continues to devolve further into craptasm. Welcome to 2016, where the penalty you’ll face for not buying a product that’s now a bigger ripoff than ever will explode as follows:
  • More Americans than expected forgo health insurance — and pay Obamacare penalties

    07/21/2015 12:13:35 PM PDT · by Nachum · 37 replies
    Market Watch ^ | 7/21/15 | Russ Britt
    As many as 7.5 million U.S. taxpayers reported that they owed a tax penalty for 2014 for not signing up for health insurance, the Internal Revenue Service said. That amounted to roughly $1.5 billion in penalties. That was at least 1.5 million more taxpayers than the Obama administration expected to see paying penalties under terms of the Affordable Care Act, according to reported forecasts, and as much as triple what some officials had forecast. The number, however, will come down, as the IRS says 300,000 should have claimed an exemption to the penalty. Further, penalties for those who failed to...
  • Obamashock! Work More, Get Less!

    11/21/2013 8:47:22 AM PST · by Kaslin · 15 replies
    Townhall.com ^ | November 21, 2013 | Mike Shedlock
    The idea behind Obamacare is to make the young and the healthy overpay for insurance to subsidize everyone else. In an effort to persuade individuals to purchase insurance, the law provides a scale of escalating penalties starting in 2014 and increasing in 2015, then again in 2016. Actually, there are two penalty rates, and you pay the higher of the two, not both. 2014 Penalties 1% of your yearly household income. The maximum penalty is the national average yearly premium for a bronze plan.$95 per adult ($47.50 per child under 18). The maximum penalty per family using this method is...
  • Real estate organizations: IRS won’t put liens on home over Obamacare

    11/04/2013 2:26:19 PM PST · by Oldeconomybuyer · 44 replies
    Wichita Business Journal ^ | November 4, 2013 | by John Stearns
    Don’t believe rumors circulating online that the IRS will place liens on homes if owners fail to buy health insurance as mandated under the Affordable Care Act, local and state real estate organizations are saying. The Wichita Area Association of Realtors addresses the rumor in its weekly report today. “Thankfully, this rumor is completely false as Congress specifically prohibited the IRS from filing liens against real property to enforce the individual mandate to purchase health insurance,” the report says.
  • Obamacare penalties

    10/21/2013 9:12:37 PM PDT · by LeoWindhorse · 59 replies
    vanity | Oct 21 , 2013 | self
    Resist and Ignore Obamacare . When you go into overtime without signing up , resist . Do not pay any penalties , refuse to play the game 100% . Just Say No. If millions and millions of Americans just totally shine this on and ignore the whole thing , what can they do ? Ideas ? What can they do ? Massive passive resistance is in order here . To hell with tyranny . Sic Semper Tyranus