Corrupt to it's very core and totally controlled by the progressive socialists Democrats is the main force in ObamaCare? But wait, it's not just the IRS, it will be the DOJ and the FBI that will be on your door step if you don't comply. Didn't something similar to this happen in history with catastrophic results? Who voted for this?
IRS Finalizes Penalty for ObamaCare Mandate
Source: Julian Hattem, "IRS Finalizes Penalty for ObamaCare Mandate," The Hill, August 27, 2013.
September 4, 2013
Last week, federal tax collectors finalized a rule to penalize individuals who do not obtain health insurance under ObamaCare. The regulation from the IRS formally codifies the fine charged to people without insurance under the health care law's individual mandate, says The Hill.
Under the law, most Americans must either be covered by health insurance or pay a penalty.
Under the law, most Americans must either be covered by health insurance or pay a penalty.
- For the first year, the charge for not obtaining health insurance is $95 or 1 percent of household income.
- The penalty will increase, though, to $695 per person or 2.5 percent of household income in 2016 and then according to a cost-of-living formula for following years.
- Americans who qualify for Medicaid coverage but live in states that have not taken part in the law's expanded Medicaid will not be charged.
- Nor will people who are temporarily uninsured while between jobs, those who are opposed to having insurance coverage for religious reasons or members of Indian tribes.
- That would bring it into line with a requirement that employers with 50 or more full-time workers offer health insurance or pay a penalty.
- That provision was originally set to take effect next year but was pushed back to 2015 by the Obama administration earlier this summer.
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