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M0rpheus

(885 posts)
5. Here's your answer.
Wed Aug 14, 2013, 12:04 AM
Aug 2013
http://obamacarefacts.com/obamacare-tax-penalty.php

How the ObamaCare Tax Penalty Works

Your tax penalty for not having insurance is paid on your taxes at the end of the year. If your taxable income is below 133% of the FLP you are exempt from this tax.

2014 = $95 per person per year or 1% of your Income
2015 = $325 per person per yearor 2% of your Income
2016 = $695 per person per yearor 2.5% of your Income
2017= Tax Penalty will increase by the rate of inflation going forward, or 2.5% of your Income

The total penalty for the taxable year cannot exceed the national average of the annual premiums of a bronze-level health insurance plan offered through the health insurance marketplaces.

Health insurance plans will provide proof of coverage for their customers.

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No Egnever Aug 2013 #1
This stuff is going around all over! Lady Freedom Returns Aug 2013 #4
No one can, because it's not in there. nt jazzimov Aug 2013 #2
I have no clue why people belive it is! Lady Freedom Returns Aug 2013 #6
I heard it was more like $700. limpyhobbler Aug 2013 #3
Here's your answer. M0rpheus Aug 2013 #5
What is the FLP? Lady Freedom Returns Aug 2013 #7
It should be 'FPL' - Federal Poverty Level. PoliticAverse Aug 2013 #9
Thank you! Lady Freedom Returns Aug 2013 #12
federal poverty level (FPL). nt. M0rpheus Aug 2013 #11
It's entirely believable even though untrue Fumesucker Aug 2013 #8
And who said that was in there, exactly? /nt Marr Aug 2013 #10
There isn't much teeth in the enforcement indie9197 Aug 2013 #13
It is amazing how many people believe the $3000 or jail time story that is going around. Lady Freedom Returns Aug 2013 #14
because, like other untrue things they believe, it fits their world view eShirl Aug 2013 #16
It's not in there. Yet. And that last word is the key... Demo_Chris Aug 2013 #15
If not for the republicans in congress, we B Calm Aug 2013 #17
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