Obama Care Starts At Around $10,000 Dollars

Obama Care Tax Starts At $10,000 Dollars

June 30, 2012

From what I can find Obama care starts taxing people who make around $10,000 dollars or the poverty line for single persons. Every news outlet is putting out conflicting numbers and, facts about Obama care. The fact is nobody knows exactly what they will pay.
This is a chart of what some say your penalty will pay as a tax for not having Obama care.
In 2014 you will pay 1% of your income towards Obama care as a penalty
In 2015 you will pay 2% of your income or a $325.00 penalty or which one is greater
In 2016 you will pay 2.5% of your income or $695.00 penalty or which one is greater

The federal government would assist states by picking up 100 percent of the costs of expanded Medicaid coverage between 2014 and 2016, and 90 percent starting in 2020.

• Individuals would be required to purchase coverage or face a fine of up to $695 or 2.5 percent of income, whichever is greater, starting in 2016. The plan includes a hardship exemption for poorer Americans and for religious reasons.

• Companies with more than 50 employees would be required to pay a fee of $2,000 per worker if the company does not provide coverage and any of that company’s workers receives federal health care subsidies. The first 30 workers would be subtracted from the payment calculation.

Go here for Who Wrote Obama Care


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