Video & Multimedia
Related: About this forumLawrence O'Donnell: The ACA/Obamacare mandate is a 'mirage' & liberals did NOT ever want the mandate
VIDEO here: http://www.msnbc.msn.com/id/3096434/#47972054
p.s. The video on the link above might take a few seconds to show up after clicking on it.
Samantha
(9,314 posts)Keep this on hand and re-post it periodically. You might need it Thursday ....
Sam
still_one
(92,552 posts)and is almost identical to romneycare when he was govenor of Ma
PoliticAverse
(26,366 posts)1.0% of taxable income in 2014, 2.0% of taxable income in 2015, and 2.5% of taxable income in 2016.
(it's the higher of the fixed fee or taxable income).
Tx4obama
(36,974 posts)The corporation would get off easy paying a penalty because it would be way lower than paying for employee insurance.
Do you have a link ?
PoliticAverse
(26,366 posts)From: http://www.kff.org/healthreform/upload/8061.pdf
Require U.S. citizens and legal residents to have qualifying health coverage. Those without coverage
pay a tax penalty of the greater of $695 per year up to a maximum of three times that amount ($2,085)
per family or 2.5% of household income. The penalty will be phased-in according to the following
schedule: $95 in 2014, $325 in 2015, and $695 in 2016 for the flat fee or 1.0% of taxable income in 2014,
2.0% of taxable income in 2015, and 2.5% of taxable income in 2016. Beginning after 2016, the penalty
will be increased annually by the cost-of-living adjustment. Exemptions will be granted for financial
hardship, religious objections, American Indians, those without coverage for less than three months,
undocumented immigrants, incarcerated individuals, those for whom the lowest cost plan option
exceeds 8% of an individuals income, and those with incomes below the tax filing threshold (in 2009
the threshold for taxpayers under age 65 was $9,350 for singles and $18,700 for couples).
Tx4obama
(36,974 posts)That is why it is really not a mandate and only a mirage.
PoliticAverse
(26,366 posts)that a taxpayer receives from filing their income taxes.
Tx4obama
(36,974 posts)Lawrence said that NO monies could not be collected.
PoliticAverse
(26,366 posts)that they can apparently deduct any penalty from any income tax refund you might receive.
From: http://www.leahy.senate.gov/issues_and_legislation/issues/issue/?id=ffeeb67e-6066-45ba-874c-82df51630cbd&p=ae79fcb8-2f2d-4856-bb2c-5c6c0514e3ff
Tx4obama
(36,974 posts)liberal from boston
(856 posts)Pete Williams reporting on NBC News right now that the individual "mandate" is UPHELD for the exact reason Lawrence first pointed out months ago; there is, by law, NO penalty for not paying the fee/tax you get if you choose not to purchase health insurance.