[Red Badger]

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.

[Vic S]

I thought the Supreme Court said it was a tax?

[GOPJ]

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

[Thorliveshere]

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.

[Huskrrrr]

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

[Diana in Wisconsin]

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? ;)

[moovova]

“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?

[forgotten man]

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.

[atomic_dog]

Never forget that the "fine" is effectively voluntary as long as you are not one of the sheep that let's the .gov withhold more tax than you owe. The only way they can collect the fine is to take it from a refund due.

26 U.S. Code 5000A

Subsection G(2):
(2) Special rules

Notwithstanding any other provision of law-

(A) Waiver of criminal penalties

In the case of any failure by a taxpayer to timely pay any penalty imposed by this section, such taxpayer shall not be subject to any criminal prosecution or penalty with respect to such failure.

(B) Limitations on liens and levies

The Secretary shall not-

(i) file notice of lien with respect to any property of a taxpayer by reason of any failure to pay the penalty imposed by this section, or

(ii) levy on any such property with respect to such failure.

[Graybeard58]

There’s no collection mechanism that I’m aware of, other than the IRS taking it out of your tax refund. If you don’t get a refund, then what?