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Feds cap Obamacare fines at $2,448 per person (new rules)
IBA Mag ^ | 7/25/14 | Caitlin Bronson

Posted on 07/25/2014 9:27:31 PM PDT by Libloather

**SNIP**

The figures, released late Thursday, cap the fine for not buying insurance at $2,448 per person and $12,240 for a family of five. The standard rule of thumb is 2% of household income, with a minimum of $325 per person.

The caps are equal to the national average premium for a bronze-level health plan.

Those who choose to go uninsured will owe one-twelfth of the annual payment for each month they or their dependents don’t have either coverage or an exemption, the IRS said.

All fines will be due during tax return season, which can be deducted from tax refunds.

(Excerpt) Read more at ibamag.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: cap; feds; fines; obamacare
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The exempt need not apply.
1 posted on 07/25/2014 9:27:32 PM PDT by Libloather
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To: Libloather

Muslims (and Amish) are exempt.

Prove that I’m not one...


2 posted on 07/25/2014 9:29:11 PM PDT by Mr. K (Palin/Cruz 2016)
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To: Libloather

I think many people are going to tell them where to shove it.


3 posted on 07/25/2014 9:29:15 PM PDT by laplata (Liberals don't get it .... their minds are diseased.)
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To: Mr. K

Muslims (and Amish) are exempt.

Prove that I’m not one...


Damned right!


4 posted on 07/25/2014 9:29:56 PM PDT by laplata (Liberals don't get it .... their minds are diseased.)
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To: Mr. K

Muslims are not exempt.


5 posted on 07/25/2014 9:36:41 PM PDT by steve86 ( Acerbic by nature, not nurture)
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To: Libloather

These are the taxes that you are not supposed to owe if your state did not create an exchange.

Of course, I’m not stupid, so I have insurance, which is helpful when you get a retina detachment or need major surgery.


6 posted on 07/25/2014 9:38:04 PM PDT by CharlesWayneCT
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To: Libloather

Oh I get it. The fines will fund Obamacare.


7 posted on 07/25/2014 9:39:04 PM PDT by Slyfox (Satan's goal is to rub out the image of God he sees in the face of every human.)
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To: Slyfox

Wait, it’s listed as OTHER TAXES.

Wasn’t there an issue about where the bill originated? That’s why the administration was saying it was NOT a ‘tax.’

I can’t keep up with the lawlessness.


8 posted on 07/25/2014 9:48:50 PM PDT by TigerClaws
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To: Libloather
Almost exactly the same amount that ObamaCare was to save.

Somehow I don't think that's an accident.

9 posted on 07/25/2014 9:55:05 PM PDT by Carry_Okie (Islam offers us three choices: Defeat them utterly, die, or surrender to a life of slavery.)
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To: laplata
I think many people are going to tell them where to shove it.

No Doubt, but expect your paycheck to be lighter for a while. Feed your family? Mortgage payment? gas for your car? Sorry! got to pay for the health care you don't want.

10 posted on 07/25/2014 9:55:42 PM PDT by Doomonyou (Let them eat Lead.)
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To: Libloather

I’m not paying. They can send me to the gulag.


11 posted on 07/25/2014 10:04:27 PM PDT by DaxtonBrown (http://www.futurnamics.com/reid.php)
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To: Doomonyou

No Doubt, but expect your paycheck to be lighter for a while. Feed your family? Mortgage payment? gas for your car? Sorry! got to pay for the health care you don’t want.


Yeah, people are going to have a lot of extra cash to help keep the booming economy going./s

I don’t understand why most people aren’t absolutely infuriated by all that’s going on.


12 posted on 07/25/2014 10:04:54 PM PDT by laplata (Liberals don't get it .... their minds are diseased.)
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To: DaxtonBrown

A lot of people will become Amish or Muslim who are exempt.


13 posted on 07/25/2014 10:06:28 PM PDT by laplata (Liberals don't get it .... their minds are diseased.)
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To: laplata

“All fines can be deducted from tax refunds.” I suspect the more accurate word would be “will” (be deducted).

Or you can pay when you write your check to the US Treasury on or about April 15th. Or—from what I’ve read and heard—not.


14 posted on 07/25/2014 10:08:24 PM PDT by tumblindice (America's founding fathers: all armed conservatives)
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To: tumblindice

Or you can pay when you write your check to the US Treasury on or about April 15th.

>Or—from what I’ve read and heard—not<.


I don’t understand the last sentence.


15 posted on 07/25/2014 10:16:38 PM PDT by laplata (Liberals don't get it .... their minds are diseased.)
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To: Libloather

These Fascist bastards can go back to hell where they belong.


16 posted on 07/25/2014 10:18:37 PM PDT by laplata (Liberals don't get it .... their minds are diseased.)
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Comment #17 Removed by Moderator

To: laplata

I remember hearing someplace reputable that if you pay taxes—as opposed to receiving a refund—whether you pay the fine is up to you. As hard as it is to believe, the IRS has no recourse.
This is just my opinion, and subject to change. Act on it at your own risk, laplata. I’ve got a real problem paying a fine for something I never wanted, and I pay eno— *too much already* in taxes to those bloodsuckers.


18 posted on 07/25/2014 10:33:50 PM PDT by tumblindice (America's founding fathers: all armed conservatives)
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To: tumblindice

Thanks for the clarification and info.

Man, these Fascists bastards are pure evil. You’re right....they are filthy bloodsuckers.


19 posted on 07/25/2014 10:49:53 PM PDT by laplata (Liberals don't get it .... their minds are diseased.)
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Comment #20 Removed by Moderator


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