ObamaCare penalties are really nothing more than a tax on the middle class. Why do I say this?
- First, the rich will not be impacted much by Obama Care. What's a few more thousand dollars to them for higher premiums? Besides they will get the health care they need whether it is in America or outside of our borders.
- Secondly, middle class wage earners will not qualify for medicaid and if they do not purchase health insurance (which many are still not doing), they will pay the IRS a fine, (or is it a tax, or a fee? Who knows, the Democrats say it wasn't a tax, but the Supreme Court said it was a tax, whose right?). This law was passed several years ago yet the penalties do not get heavy handed until 2016. Duh, that wasn't a political consideration! The hope being that the middle class would remain ignorant until after the 2016 elections in order to ensure the continuing drive towards the destruction of the private sector. When ObamaCare finally implodes there will be a huge fight for single payer versus a complete common sense and realistic overhaul of our laws and regulations that impact the industry. Will we get it right this time or continue down the paths of extremism on both sides of the aisle? Time will tell. Here are the huge penalties that will further erode our middle class beginning April 2017 when everyone files their 2016 returns..............
The number of uninsured has come down from around 18% to about 10% of Americans. However, there are still millions out there who say that they cannot afford it, or do not want it. Sixty (60%) percent of those who are still uninsured say they cannot afford it even with the government subsidies available under HUSSEIN-SCOTUS-CARE. In 2017, Americans will feel the HEAVY JACK-BOOT of government directly on their financial necks! YOU WILL COMPLY WITH YOUR ALL POWERFUL GOVERNMENT BECAUSE WE KNOW BEST! See 2016 tax year penalties below the graph. 61% of adults who do not have health insurance cannot afford it! So we will make you!
2016: The worst year yet for Obamacare penalties
The penalties reach their worst next year, with huge increases coming once again. The per-person charge in 2016 jumps to $695 per adult and $347.50 per child, topping out at a whopping $2,085 per family. The income-based penalty rises to 2.5%.
After that, increases will be more modest. The amount of the Obamacare penalty in 2017 and thereafter will be indexed to the Consumer Price Index, with maximums gradually rising over time.
