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Old 06-11-2014, 12:39 PM
 
Location: Massachusetts
10,029 posts, read 8,342,360 times
Reputation: 4212

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Hope & Change!


ObamaCare penalty to hit one million low-income Americans | Fox News
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Old 06-11-2014, 12:49 PM
 
Location: East Lansing, MI
28,353 posts, read 16,368,692 times
Reputation: 10467
Remember, the penalty is the greater of 2 amounts:
  1. a set amount per person: $95 per adult (18 & older) + $47.50 per dependent (17 & younger) - up to $285, or
  2. 1% percentage of your taxable income, up to $5,000 for 1 adult and $12,500 for a family*
HealthcareACT - TaxACT Health Care Tax Penalty Calculator



So, the article you linked is claiming the average penalty will be $4K? I'd like to see those numbers....
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Old 06-11-2014, 12:58 PM
 
13,943 posts, read 5,615,884 times
Reputation: 8603
Quote:
Originally Posted by hooligan View Post
Remember, the penalty is the greater of 2 amounts:
  1. a set amount per person: $95 per adult (18 & older) + $47.50 per dependent (17 & younger) - up to $285, or
  2. 1% percentage of your taxable income, up to $5,000 for 1 adult and $12,500 for a family*
HealthcareACT - TaxACT Health Care Tax Penalty Calculator



So, the article you linked is claiming the average penalty will be $4K? I'd like to see those numbers....
No it didn't. The article claims that $4 billion will be collected from the uninsured in 2016, and:
Quote:
A chart accompanying the report revealed that 200,000 of those paying the penalty earn less than 100 percent of the poverty line. An additional 800,000 are considered low-income, earning between 100 and 199 percent of the poverty level.
The "average" you extrapolated ignored a few things in the article, namely that 4 million of the expected 30 million uninsured in 2016 will be paying tax penalties. You took the 1 million noted as at or below 199% of the poverty as the entire population, when that isn't the entire population listed.

The average penalty, assuming $4 billion in penalties and a 4 million person estimate of who will be paying it, is $1,000 per person fined, which makes a whole lot more sense and actually uses the facts listed in the article.
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Old 06-11-2014, 01:01 PM
 
42,732 posts, read 29,861,612 times
Reputation: 14345
That should make a lot of the conservatives on this forum very happy. They are always complaining that the poor don't pay their fair share. That they should be held accountable for their choices. That the federal government gives them too much.
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Old 06-11-2014, 01:04 PM
 
Location: Great State of Texas
86,052 posts, read 84,442,711 times
Reputation: 27720
Hey..all that EIC money will go back to Uncle Sam..think about that
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Old 06-11-2014, 01:09 PM
 
34,278 posts, read 19,358,607 times
Reputation: 17261
So maybe these folks will realize they need to be responsible for their health insurance then? I can relate, healthcare is expensive.

Or maybe....just maybe....

We will join the 21st century and actually get universal healthcare instead of this "must continue to enrich insurance companies" scheme.
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Old 06-11-2014, 01:10 PM
 
3,216 posts, read 2,230,095 times
Reputation: 1224
Quote:
Originally Posted by DC at the Ridge View Post
That should make a lot of the conservatives on this forum very happy. They are always complaining that the poor don't pay their fair share. That they should be held accountable for their choices. That the federal government gives them too much.


I don't think anyone should be happy about people that are forced to pay a fine with money they don't have. But the right to say "There is no free healthcare?" You bet!
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Old 06-11-2014, 01:12 PM
 
Location: Great State of Texas
86,052 posts, read 84,442,711 times
Reputation: 27720
Quote:
Originally Posted by greywar View Post
So maybe these folks will realize they need to be responsible for their health insurance then? I can relate, healthcare is expensive.

Or maybe....just maybe....

We will join the 21st century and actually get universal healthcare instead of this "must continue to enrich insurance companies" scheme.
You can't afford another 8% taken from your paycheck, that's why.
And you can't afford yet another new consumer tax on top of that 8%, that's why.

Don't believe me then go look up Vermont's 2017 Universal Health Insurance plan.
19% new FICA..11% employer, 8% employee AND a new sales tax. And that is including the Fed money they get.
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Old 06-11-2014, 01:12 PM
 
Location: Ohio
5,624 posts, read 6,840,052 times
Reputation: 6802
Mattering on their income, they can get medicaid if their workplace doesnt offer some sort of affordable insurance.

Medicaid income guidelines are higher than foodstamps/cash assistance/etc and having medicaid is better than nothing and paying a fine!
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Old 06-11-2014, 01:14 PM
 
41,110 posts, read 25,719,480 times
Reputation: 13868
Quote:
Originally Posted by DC at the Ridge View Post
That should make a lot of the conservatives on this forum very happy. They are always complaining that the poor don't pay their fair share. That they should be held accountable for their choices. That the federal government gives them too much.
Actually it was conservatives that understood what would happen and how it would hurt the poor and the middle class so they fought against it. You and your liberal media laughed about it too.

But liberals and dems insisted, now they suffer the consequences. Hey maybe the liberal media who sold it to you will pay it for you.
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