This year, as many as 6 million taxpayers will learn that they now owe a "Shared Responsibility Payment" because they didn't have health insurance last year.
The SRP is a clumsy euphemism for the ObamaCare individual mandate tax penalty, which is $95 or 1% of household income, whichever is greater, for those who didn't have insurance in 2014. That increases to the greater of $325 or 2% of income for those who don't have insurance this year, and then to $695 or 2.5% of income the year after that.
The mandate and the tax penalty behind it are core elements of the health law, but it's becoming increasingly apparent that they are relatively toothless. There are dozens of exemptions available, some of which require no paperwork. It can be far less complicated to avoid the ObamaCare tax penalty than pay it. And the already overworked Internal Revenue Service has little authority to collect any unpaid penalty taxes due.
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Nope - one cannot make this shit up...... A "shared responsibility payment".... cringe worthy even for the most partisan ideologue.
And here ladies and gentlemen is the a summary of the success of Obamacare.....
The Congressional Budget Office figures that of the 30 million who don't buy insurance next year, only 7 million will actually end up facing the mandate penalty.
Yep - you got that right. Of the 40 MM claimed to be uninsured, 30 MM will not buy insurance. Stunning success lmfao.
The SRP is a clumsy euphemism for the ObamaCare individual mandate tax penalty, which is $95 or 1% of household income, whichever is greater, for those who didn't have insurance in 2014. That increases to the greater of $325 or 2% of income for those who don't have insurance this year, and then to $695 or 2.5% of income the year after that.
The mandate and the tax penalty behind it are core elements of the health law, but it's becoming increasingly apparent that they are relatively toothless. There are dozens of exemptions available, some of which require no paperwork. It can be far less complicated to avoid the ObamaCare tax penalty than pay it. And the already overworked Internal Revenue Service has little authority to collect any unpaid penalty taxes due.
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Nope - one cannot make this shit up...... A "shared responsibility payment".... cringe worthy even for the most partisan ideologue.
And here ladies and gentlemen is the a summary of the success of Obamacare.....
The Congressional Budget Office figures that of the 30 million who don't buy insurance next year, only 7 million will actually end up facing the mandate penalty.
Yep - you got that right. Of the 40 MM claimed to be uninsured, 30 MM will not buy insurance. Stunning success lmfao.
