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."
“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:
If the annual premium is over $800. Thought it was actually 8.5%.
No. You need to re-read what Cedar wrote.