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To: Cedar
"People will not have to pay a penalty if the cost of insurance exceeds 8% of their income. They can receive an exemption.

Does that mean that if my annual income was $10,000, and the annual cost of insurance is $10,800, I am exempt? That is not a great situation. The Federal Government has authorized the IRS to be a dominatrix. I can see the statement, "SUFFER BITCH! YOUR INCOME EXCEEDS THE 8% LEVEL."

22 posted on 10/12/2013 9:48:15 PM PDT by jonrick46 (The opium of Communists: other people's money.)
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To: jonrick46

“You’re also exempt if you have to pay more than 8% of your annual income toward health insurance premiums.”

here’s a link for that quote:

https://healthcare.intuitlabs.com/blog/top-5-questions


23 posted on 10/12/2013 9:53:13 PM PDT by Cedar
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To: jonrick46
Does that mean that if my annual income was $10,000, and the annual cost of insurance is $10,800

If the annual premium is over $800. Thought it was actually 8.5%.

26 posted on 10/12/2013 10:38:35 PM PDT by steve86 (Nothing to do with MiSome things aren't really true but you wouldn't be half surprised if they were.)
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To: jonrick46

No. You need to re-read what Cedar wrote.


35 posted on 10/13/2013 6:36:47 AM PDT by savedbygrace (But God!)
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