[sr4402]

Also remember that the Obamacare Penalty for 2014 (excuse me TAX) is $95 or 1% whichever is Greater. Thus if your income is $50000 (Adjusted Gross Income) your penalty is $500.

In 2015 it will be $325 of 2% whichever is greater. Thus if your income is $50000 your penalty will be $1000 dollars.

In 2016 the minimum penalty is $695 or 2.5% whichever is greater. This with $50000 your penalty will be $1125.

Oh, and IMHO, it looks like this Penalty (oops TAX) is NOT TAX DEDUCTABLE.

[silverleaf]

that penalty is per person, right?