Worthy Christian News » U.S. Politics » Taxpayers fork over $1.5 billion in Obamacare penalties


Taxpayers fork over $1.5 billion in Obamacare penalties

Tuesday, July 21, 2015 | Tag Cloud Tags: ,

(Worthy News) - Obamacare's individual mandate generated about $1.5 billion from about 7.5 million people during its first year in existence, the Washington Examiner.

That figure is about 1 million more than previously estimated would pay the mandate penalty for not getting health insurance in 2014.

The Internal Revenue Service offered details on the penalties in a letter to Congress Friday.

Under the individual mandate, if taxpayers didn't have health insurance in 2014, they would have to pay 1 percent of their yearly incomes, or $95 per person plus nearly $50 per child. [ Source ]

Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » U.S. Politics » Taxpayers fork over $1.5 billion in Obamacare penalties

5 thoughts on “Taxpayers fork over $1.5 billion in Obamacare penalties

Leave a Comment

Worthy Christian News » U.S. Politics » Taxpayers fork over $1.5 billion in Obamacare penalties