The fine for the first year of no insurance is $95 or 1% of household income, whichever is higher. A fine of 4 grand implies an income of 400 grand.
I dunno, I just cut and pasted. Perhaps, the website is calculating wrong. Either way, a total fluster cluck.
Don’t cloud the issue with facts.
There are different fines for different things. I think the $95 is for the first year of no insurance. However, I just read an analysis by another person who said that even if you had an insurance policy, if it didn’t meet the O-care mandates, you could still face a $2k fine.
It appears that we STILL don’t know what’s in this legislation, even away from the fog of the original debate.
“The fine for the first year of no insurance is $95 or 1% of household income, whichever is higher.”
It could be that a higher fine is imposed for preexisting conditions.
We know that once passed, this bill was changed and added to until it’s not the same law at all. We still don’t know what’s in it and there have been so many lies it’s difficult to sort out.