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To: Alas Babylon!
FNS

Wallace shows reporter Peter Doocey interviewing young people on the streets of DC, regarding the healthcare.gov website.

Several respondents said they would pay the \$95 fine.

==

Per some posts, the fine is \$95 OR 1% of the total family income, whichever is larger.

Those who think they only have to pay \$95 may be in for a rude awakening, come next IRS Tax Day.

Some quick math:

\$95 would be 1% of \$9,500 or \$4.57/hour for a full-time worker. [Who works full time and earns only \$9,500 per year?]

At minumum wage (\$7.25) the annual salary would be \$15,080 for a full-time worker. At 1% their fine could be \$150.

The median household income in the US is \$51,371. At 1% their fine would be \$513.

The fine increases "more than sevenfold in the next two years, with the fine running as much as \$695 per person by 2016. The family maximum would be as high as \$2,085 (or 2.5 percent of family income, whichever is greater)." [source: CSMonitor.com

Notice how the pols and Admin never mention the 'percent' fine -- they only mention the \$95 fine.

41 posted on 10/27/2013 6:36:54 AM PDT by TomGuy (.)

To: TomGuy

Exacta mundo here are the increases
No one knows how many Americans will be without health insurance in 2014. A 2012 estimate by the Congressional Budget Office estimated that about 30 million Americans will not have insurance in 2016, and roughly 6 million of them will face penalties. The penalties for individuals are expected to increase each year, and the uninsured will have to pay either a fee or percent of household income (whichever is greater).

In 2014, the fee is \$95 per adult or 1 percent of household income.

In 2015, the fee is \$325 per adult or 2 percent of household income.

In 2016, the fee is \$695 per adult or 2.5 percent of household income.

So the fine is a bargain no matter what! The regime will have to bring the fine up to three or four thousand per year and then try and collect from tax refunds unless they want to sequester one’s paycheck! That should be real winner! Many will just pay fines forever since they can sing up anyway if they get sick.

51 posted on 10/27/2013 6:59:45 AM PDT by rodguy911 (FreeRepublic:Land of the Free because of the Brave--Sarah Palin our secret weapon)

To: TomGuy

Ducy is a great reporter..His Dad must be very rpoud of him!

55 posted on 10/27/2013 7:05:05 AM PDT by Recovering Ex-hippie

To: TomGuy

Notice how the pols and Admin never mention the ‘percent’ fine — they only mention the \$95 fine.

And the media in most cases reinforces that mirage....

64 posted on 10/27/2013 7:12:20 AM PDT by patriotspride

To: TomGuy
The fine increases

It's not a fine, it's a tax. Bribee Justice Roberts said so. If we had a true opposition party that was in control of the House, they could simply cut the "tax" to zero as the House is the one who generates all bills of revenue.

The fact that they don't simply lower or cut this tax is telling. Not the mandate itself, just the tax.

67 posted on 10/27/2013 7:20:25 AM PDT by Sirius Lee (All that is required for evil to advance is for government to do "something")

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