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That Obamacare penalty will be bigger than you think
www.cnbc.com ^ | 12/09/2015 | Dan Mangan

Posted on 12/09/2015 10:32:48 AM PST by Red Badger

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The penalty is set to rise in 2016 to the higher of $695 per adult, or 2.5 percent of household income. But, again, the penalty will come due only during the 2016 tax filing season, which begins in early 2017.


1 posted on 12/09/2015 10:32:48 AM PST by Red Badger
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To: Red Badger

I thought the Supreme Court said it was a tax?


2 posted on 12/09/2015 10:34:24 AM PST by Vic S
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To: Red Badger

During the General, we’ll talk about this... and reap middle class voters forever...


3 posted on 12/09/2015 10:34:43 AM PST by GOPJ (The enemy? (UWEE) Unified Washington Establishment Elites (UWEE -sounds similar to a pig call))
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To: Red Badger

Mine went up, but not as bad as my co-worker—61%!!! She’s in tears. There will be no Christmas presents for this woman’s family this year.


4 posted on 12/09/2015 10:35:27 AM PST by Thorliveshere
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To: Vic S

It’s a fine tax......................


5 posted on 12/09/2015 10:35:31 AM PST by Red Badger (READ MY LIPS: NO MORE BUSHES!...............)
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To: Thorliveshere

Mine will cost $10,000 for the year, at the lowest ‘Bronze’ plan rate from BCBS, AND the local Medical Center here WON’T ACCEPT IT!

I don’t blame the med center, I blame the bastards in DC...............


6 posted on 12/09/2015 10:37:25 AM PST by Red Badger (READ MY LIPS: NO MORE BUSHES!...............)
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To: Red Badger

This insanity needs to stop! Obama is getting his boiling pot with a tight lid on, and we’re going to explode!! Which is what he wants, but I say, let’s give him that fight!


7 posted on 12/09/2015 10:39:00 AM PST by Thorliveshere
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To: Vic S
I thought the Supreme Court said it was a tax?

I think the legal term is "John (Effing) Roberts' blackmail payment"

8 posted on 12/09/2015 10:39:36 AM PST by Still Thinking (Freedom is NOT a loophole!)
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To: Thorliveshere

did she vote for him?


9 posted on 12/09/2015 10:39:56 AM PST by Mr. K (If it is HilLIARy -vs- Jeb! then I am writing-in Palin/Cruz)
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To: Red Badger

The total penalty for voting for Obama.....priceless.


10 posted on 12/09/2015 10:41:18 AM PST by Huskrrrr
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To: Red Badger; All

I’m going to have a ‘gap’ in coverage for 9 months to a year, as I’m retiring but am too young for Medicaid and we’re not getting married for a while.

I’ll be sure to let you all know how it goes.

Man, I wish I could just find/have a catastrophic policy; I can handle the lesser stuff!

Anyone have any ideas? Of course, my choice is for them to have to come and FIND me. No ‘income’ no reason to file taxes, Right? ;)


11 posted on 12/09/2015 10:41:38 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Red Badger
It’s a fine tax......................

It's not healthcare. It's not health insurance. It's not a penalty. It's not a tax.
It's just punishment.


12 posted on 12/09/2015 10:42:25 AM PST by 867V309 (Trump: Bull in a RINO Shoppe)
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To: GOPJ
During the General, we'll talk about this... and reap middle class voters forever...

Only with the right nominee.

"We need, as a nation, to reexamine the single-payer plan..."(The U.S.) will 'have to improve on the prototype'." - Donald Trump, "The America We Deserve"

13 posted on 12/09/2015 10:43:17 AM PST by Colonel_Flagg (Revenge is a Daesh best served cold.)
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To: Thorliveshere

I’ve taken the easy way out. We have no insurance. And we don’t get a refund - which is the only way they can take it. I just hope a republican wins in w016 and the mandate is gutted. The 8% rule helps a lot.


14 posted on 12/09/2015 10:44:30 AM PST by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: 867V309

reparations


15 posted on 12/09/2015 10:46:08 AM PST by telstar12.5 (...always bring gunships to a gun fight...)
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To: Thorliveshere

Just think, BEFORE ObozoCare, my health insurance was free. My employer provided it all as a benefit. Now, they can no longer afford to pay for it.............................and neither can I.....................


16 posted on 12/09/2015 10:47:00 AM PST by Red Badger (READ MY LIPS: NO MORE BUSHES!...............)
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To: Red Badger

“The stick’s getting a lot bigger but it’s not clear that many more people will choose the carrot as a result.”

I’m confused. Which one is the stick and which one is the carrot?


17 posted on 12/09/2015 10:47:11 AM PST by moovova
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To: Red Badger

I remember 0bama saying “If you make less than $250,000 a year yo taxes are not goin up one dime.” He was correct. People making less than $250,000 per year will pay tax increases that are a lot more than one dime.


18 posted on 12/09/2015 10:47:14 AM PST by forgotten man
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To: Mr. K

GOOD QUESTION!..........................


19 posted on 12/09/2015 10:47:21 AM PST by Red Badger (READ MY LIPS: NO MORE BUSHES!...............)
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To: Diana in Wisconsin

We’re almost at the two year gap point. Saved about 26,000 after tax dollars over two years. That’s more than our mortgage, car payment utilities and real estate taxes combined. It’s a lifestyle changer.


20 posted on 12/09/2015 10:47:39 AM PST by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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