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To: RikaStrom
True. 1% of $50,000 is $500.

In 2016, the fine on $50,000 will be $1250.

"The [penalty] fee in 2014 is 1% of your yearly income or $95 per person for the year, whichever is higher. The fee increases every year. In 2016 it is 2.5% of income or $695 per person, whichever is higher.

In 2014 the payment for uninsured children is $47.50 per child. The most a family would have to pay in 2014 is $285.

You make the payment when you file your 2014 taxes, which are due in April 2015."

41 posted on 10/19/2013 5:50:34 PM PDT by rawhide
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To: rawhide

If you make too much for a subsidy but insurance isn’t affordable for you, then there is no penalty assessed. I think many Freepers may fit this criteria.


45 posted on 10/19/2013 9:37:03 PM PDT by Prince of Space (Be Breitbart, baby. LIFB.)
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