How Much Will the Tax Be if You Don't Buy Health Insurance.
- Thread starter SamIam
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- 14,808
Are you sure Bob? I know what you posted is the minn "tax" but it can climb up to I think 2% of your income(or 1%, cant recall) which ever is higher.
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Ah yes, thats it...........
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- 3,352
This topic is sooo laborious. I'm so done with the PPAACCCAA or whatever the F you wanna call it.
- 2,172
Someone has it posted correctly in another thread, just can't find it at the moment. But it is on a graduated basis and different each year for an individual than family.
The $2000 is per individual on groups over 50 that don't offer health insurance.
The $2000 is per individual on groups over 50 that don't offer health insurance.
Yes Tater, it is a formula, and yes, it does increase over time. The folks in DC can really make this complicated.
Much easier to just say $95 and leave it at that.
Talking with a lefty the other day who thought the individual penalty was $10,000.
Same for the $2000 on groups of 50+. It increases over time.
Much easier to just say $95 and leave it at that.
Talking with a lefty the other day who thought the individual penalty was $10,000.
Same for the $2000 on groups of 50+. It increases over time.
- 8,707
somarco said:
Please don't give Congress any ideas.
- 8,448
This is crazy. The IRS will be sending people who were unemployed and without insurance in 2014 a penalty-tax bill in January 2015 for $1,140. ($95 x 12). If he/she remained long-term unemployed in 2015, the January 2016 penalty-tax bill balloons to $3,900. Still less than an exchange-based health insurance policy, but oh what anger boxing people into a corner like this will generate.
Remember the guy who flew his plane into an IRS building in Florida about 8 years ago? That was nothing compared to what we'll be reading about after 2014.
- 416
This is crazy. The IRS will be sending people who were unemployed and without insurance in 2014 a penalty-tax bill in January 2015 for $1,140. ($95 x 12). If he/she remained long-term unemployed in 2015, the January 2016 penalty-tax bill balloons to $3,900. Still less than an exchange-based health insurance policy, but oh what anger boxing people into a corner like this will generate.
Remember the guy who flew his plane into an IRS building in Florida about 8 years ago? That was nothing compared to what we'll be reading about after 2014.
Why are you multiplying by 12?
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