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Here's How Much The Obamacare Penalty Tax Will Cost You...
Business Insider ^ | July 2, 2012 | Henry Blodget

Posted on 07/02/2012 6:13:56 AM PDT by MulberryDraw

Many Americans are furious that Obamacare will require them to buy health insurance.

Most of these folks seem to hate the idea that Obama is forcing them to do something more than they hate the idea of shelling out money.

But for those who also care about the money, here are the details.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: obama; obamacare
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The Obamacare Penalty-Tax. Eyeopening stuff for the masses.
1 posted on 07/02/2012 6:14:07 AM PDT by MulberryDraw
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To: MulberryDraw

So anyone making over 10k a year will be taxed by the IRS. Wow.


2 posted on 07/02/2012 6:21:34 AM PDT by HollyB
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To: MulberryDraw

So anyone making over 10k a year will be taxed by the IRS. Wow.


3 posted on 07/02/2012 6:21:34 AM PDT by HollyB
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To: MulberryDraw

It will be interesting to see illegals paying for this. HA!!!


4 posted on 07/02/2012 6:24:46 AM PDT by HarleyD
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To: MulberryDraw

“Employees whose employers only offer plans that cost more than 8% of the employee’s income”

A lot of people will be exempt. Which defeats the purpose of the plan.


5 posted on 07/02/2012 6:25:34 AM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: HarleyD

Illegals are exempt.


6 posted on 07/02/2012 6:27:35 AM PDT by KansasGirl
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To: MulberryDraw

OK, so right now my husband and I make roughly $75,000 self-employed.

We pay $12,000 per year for an individual somewhat high deductible family plan.

We can cancel that, pay a penalty of $1600, pay out-of-pocket for routine needs, and then reapply any time we want for insurance if we get sick, because we can’t be denied.

And this is supposed to be sustainable?

Somehow I don’t think Obamacare anticipated many of the unintended consequences!


7 posted on 07/02/2012 6:28:07 AM PDT by jaybee
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To: MulberryDraw
I'm sure the working poor will be recompensed by some other government handout. Still, it is satisfying to see Obama punish the poor and the young. No justice in the SC, but there is justice. Why it's always easier to be a Democrat because your constituents are dumb as rocks.
8 posted on 07/02/2012 6:31:49 AM PDT by throwback (The object of opening the mind, is as of opening the mouth, is to shut it again on something solid.)
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To: MulberryDraw

Exempt (among others, such as Muslims): Those with “hardships”.

Let’s see if we can guess who that’s gonna be.....


9 posted on 07/02/2012 6:32:57 AM PDT by EnquiringMind
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To: MulberryDraw

I do not think the people ululating over geeting their entitled “free” medical care even realize that THEY will be forced to buy insurance to cover it

healthy young adults who have chosen to be uninsured because they now need little medical services, will be the bulk of those paying high premiums to cover the costs of all the poor, elderly, and “pre-existing” conditions ...

If Gen Y are unemployed they may well remain so, as employers cannot afford to hire and insure them

This is health care cost control and shifting, not health care


10 posted on 07/02/2012 6:34:19 AM PDT by silverleaf (Every human spent about half an hour as a single cell)
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To: MulberryDraw

So I’m a bit confused the article talks about a “Bronze” Package that costs around 4500-5000 for a single person. Is it really saying to buy a lowered tier package its going to cost a single guy like me around 400 a month???? That’s insane if I’m reading it correctly.


11 posted on 07/02/2012 6:34:48 AM PDT by eak3
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To: MulberryDraw
Obama’s “Not A Single Dime” Tax Pledge Gets Broken Again [22 Mar 2012]

President Obama Made A Repeated Pledge Not To Raise Any Taxes On Families Making Less Than $250,000

==

The text of this article has numerous Obama pledges not to raise taxes, followed by a tax increases.

==

Can Romney and the Pubbies capitalize on this and make Obamacare the 'read my lips, no new taxes' albatross around Obama's neck?
12 posted on 07/02/2012 6:35:27 AM PDT by TomGuy
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To: MulberryDraw

“Members of certain religions that don’t pay Social Security tax,such as Amish, Hutterites,or Mennonites.”

Uhmmm...I’m betting a lot of folks might be considering a change of religions.


13 posted on 07/02/2012 6:36:31 AM PDT by moovova
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To: HarleyD

“It will be interesting to see illegals paying for this. HA!!!”

Illegals are exempt.


14 posted on 07/02/2012 6:37:47 AM PDT by ModelBreaker
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To: jaybee

I think that $1600 “penalty” fee is a red herring number and it is going to get ratcheted up a lot- quickly

Perhaps it will become a per capita penalty fee

If you think being thrown into one of the obamacare exchanges is a low cost alternative, you havent been in a badly run HMO with gatekeeper clerks, who will decide if and when you get to see a doctor and what treatment the doctor is allowed to provide you, and who have the courtesy and intelligence of the TSA and the compassion of the IRS


15 posted on 07/02/2012 6:41:21 AM PDT by silverleaf (Every human spent about half an hour as a single cell)
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To: jaybee
Very interesting scenario. Stole it for my FB and I am sure it will tick off a few people. Thanks.
16 posted on 07/02/2012 6:41:40 AM PDT by LuvFreeRepublic ( (#withNewt))
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To: jaybee

“Somehow”?! LOL!!! The way they rushed this thing through, I’m surprised they didn’t forget the cost of bandaids. Oh, wait. They did.


17 posted on 07/02/2012 6:41:42 AM PDT by MrChips (MrChips)
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To: moovova

all it takes is uttering a phrase


18 posted on 07/02/2012 6:44:11 AM PDT by silverleaf (Every human spent about half an hour as a single cell)
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To: MulberryDraw

I am joining the Mennonites. The ones that can own and drive cars. I am not into keeping a horse around.


19 posted on 07/02/2012 6:44:37 AM PDT by Venturer
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To: MulberryDraw

Nazi Germany reborn??? Boxcars, camps, wooden soap brought to you by the RATs?? This time, there will be Death Panels, politicians determining if you live or die, and then you will be sent to a Hospice Center to die. Welcome to hell courtesy of Obama, Reid, and Pelosi.


20 posted on 07/02/2012 6:44:45 AM PDT by ExTexasRedhead
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