the income that you plug in; is it pretax or after tax???

What if I'm fat as fuck and eat McDonalds every day?

Well I suppose this calculator is only good if you have to use the "exchanges."  I have insurance so the calculator does not apply.

one question i haven't been able to lock down an answer on is if the 2.5 percent fine is PER PERSON or PER HOUSHOLD for those that refuse to pay their fair share to cover all the freeloaders.  

I read that the IRS can only collect the fine by suing you in court.  If they win they can only collect double at most.   I plan on working my taxes down to the dollar so they will have to sue me.  I don't mind paying double the fine knowing it will cost them more than that to collect it from me in court.

Q: How much will the “tax” penalty be for going without health insurance?
A: The minimum assessment will be $695 per person (but no more than $2,085 per family) in 2016, when fully phased in. The amount can be higher depending on income. But there are exemptions for low-income persons and others.

http://www.factcheck.org/2012/06/how-much-is-the-obamacare-tax/

My insurance already went from 12K to 14K this year.......My accountant says they are expecting another 14% increase next year.

Actually, the fine for any form of known or unknown misrepresentation associated with Obamacare is $25,000.00 if I recall correctly.  And I think it is $250,000.00 for subsequent known misrepresentation.  Someone posted a link to that part of the bill a while back.  Collected by the IRS, of course.

ETA

(h) PENALTIES.—
(1) FALSE OR FRAUDULENT INFORMATION.—
(A) CIVIL PENALTY.—
(i) IN GENERAL.—If—
(I) any person fails to provides correct information
under subsection (b); and
(II) such failure is attributable to negligence
or disregard of any rules or regulations of the
Secretary,
such person shall be subject, in addition to any other
penalties that may be prescribed by law, to a civil
penalty of not more than $25,000 with respect to any
failures involving an application for a plan year. For
purposes of this subparagraph, the terms ‘‘negligence’’
and ‘‘disregard’’ shall have the same meanings as when
used in section 6662 of the Internal Revenue Code
of 1986.
(ii) REASONABLE CAUSE EXCEPTION.—No penalty
shall be imposed under clause (i) if the Secretary determines
that there was a reasonable cause for the failure
and that the person acted in good faith.
(B) KNOWING AND WILLFUL VIOLATIONS.—Any person
who knowingly and willfully provides false or fraudulent
information under subsection (b) shall be subject, in addition
to any other penalties that may be prescribed by
law, to a civil penalty of not more than $250,000.

http://www.gpo.gov/fdsys/pkg/BILLS-111hr3590enr/pdf/BILLS-111hr3590enr.pdf

No, probably no one will go to jail.  They will just garnish your pay and seize any assets you have.  They will take your stuff through non-judicial IRS action and leave you impoverished and even more dependent on the government.  If you want to dispute it, you will have to actually pay the fines, etc., before you can get a hearing.

I won't be surprised or shocked when  a person or two ops to pay the "iron price".

Vic,

That low, low fine goes up exponentially after a couple of years.

soon the fine will equal your paycheck (income) and it comes out of your taxes or paid at tax time if self employed.

The ONLY way you'll get out of it is to go cash only underground income and look and act like the FSA.

Why do you think the .gov is adding 30,000 new IRS agents? It ain't for more efficient service.

According to the calculator I would pay $30 less per month on the exchange than I pay now for coverage for my family.

But but but Papa Pelosi said I could sit at home and become that musician or artist that I've always wanted to be.  

   


We're boned.

If we are talking about an individual getting coverage on their own, that was a serious concern. According to the regulations released, individuals who want coverage for 2014 must enroll between October 2013 and March 2014. If you don't have coverage by March, you have to have a qualifying event to get individual coverage. For 2015, the enrollment period is October to December 2014. No signing up in the ambulance...

The affordability criteria is 9.5% of income. Still deciphering regs about that

Keep in mind all of the premiums presented via that tool are 2016 premiums in 2014 dollars from the Congressional Budget Office. Actual premiums will vary by state and could have different rating rules.  The subsidy is also determined using the premium for the second lowest cost silver plan available.

Same here. I have said it from the beginning, I will not comply with this. I will not pay it until they drag it from me by force.

I guess that's the day that I die.

Please don't forget, what little you will get in return.  While you will get free birth control and some preventative healthcare (annual physical), most plans will only hit the minimal coverage, with is effectively 60% of approved rates (probably effectively the old medicare rates), so when you got to a real dr, not only do you pay 40% of the medicare rates, you pay 100% of any billings that are over them.

---

of course the single payer system will fix most of that , you just will not be able to buy the services.