Bend over America
-Geaux
Final Obamacare "Individual Mandate" Rules Released: This Is What You Will Pay
ith president Obama taking his role as Warmonger-In-Chief ever more seriously, it is easy to forget that the only important function before the greatest presidential teleprompter reader in history, is that of Socialized Healthcare Provider-in-Comrade. And so today, in the fog of pre-war, the Obama administration released the final rules on the "Individual Mandate" component of Obamacare, which requires most Americans to buy health insurance starting in 2014 or be fined. Specifically, the rules list lay out the amount of penalties that Americans will face if they opt out of socialized healthcare.
The WSJ was kind enough to read the Treasury Department release and summarize it as follows:
Most Americans will be required to have health insurance starting in 2014 and will have to report whether they had coverage on their 2015 tax returns. An individual who opts against carrying insurance will be subject to a fine of $95 next year or 1% of income above a certain threshold, which is ever greater. The penalty increases to $695 per person in 2016 and beyond or 2.5% of taxable annual income with the amount rising by inflation.
-Geaux
Final Obamacare "Individual Mandate" Rules Released: This Is What You Will Pay
ith president Obama taking his role as Warmonger-In-Chief ever more seriously, it is easy to forget that the only important function before the greatest presidential teleprompter reader in history, is that of Socialized Healthcare Provider-in-Comrade. And so today, in the fog of pre-war, the Obama administration released the final rules on the "Individual Mandate" component of Obamacare, which requires most Americans to buy health insurance starting in 2014 or be fined. Specifically, the rules list lay out the amount of penalties that Americans will face if they opt out of socialized healthcare.
The WSJ was kind enough to read the Treasury Department release and summarize it as follows:
Most Americans will be required to have health insurance starting in 2014 and will have to report whether they had coverage on their 2015 tax returns. An individual who opts against carrying insurance will be subject to a fine of $95 next year or 1% of income above a certain threshold, which is ever greater. The penalty increases to $695 per person in 2016 and beyond or 2.5% of taxable annual income with the amount rising by inflation.