halist

income limits for Obamacare

StandbyRecords
Posted by StandbyRecords
Active since 10/2014
Date Posted:Mon,Oct,28 ,2013
So, basically, you're looking at penalties of approximately the following at the following income levels:

Less than $9,500 income = $0
$9,500 - $37,000 income = $695
$50,000 income = $1,000
$75,000 income = $1,600
$100,000 income = $2,250
$125,000 income = $2,900
$150,000 income = $3,500
$175,000 income = $4,100
$200,000 income = $4,700
Over $200,000 = The cost of a "bronze" health-insurance plan

The IRS will collect the penalty-tax, a fact that will no doubt further enrage those who hate Obamacare.

But here's some more good news for those folks:

The IRS will not have the power to charge you criminally or seize your assets if you refuse to pay. The IRS will only have the ability to sue you. And the most the IRS can collect from you if it wins the suit is 2X the amount you owe. So if you want to thumb your nose at the penalty-tax, the IRS won't be able to do as much to you as they could if you refused to pay, say, income tax.

By the way, the following folks will be exempt from the penalty-tax:

Those who make less than $9,500
Employees whose employers only offer plans that cost more than 8% of the employee's income
Those with "hardships"
Members of Indian tribes
Members of certain religions that don't pay Social Security tax, such as Amish, Hutterites, or Mennonites

#No User Comments#,I have never written a review before but I felt I had to do this.

Southern Indiana HIV Outbreak 2015
Southern Indiana HIV Outbreak 2015
Ili Pika Seen in China
Ili Pika Seen in China
10 Things For Successful People Spend Their Weekend
10 Things For Successful People Spend Their Weekend
10 Skills a Digital Marketing Manager Needs to Succeed
10 Skills a Digital Marketing Manager Needs to Succeed
Are YOU washing your hair wrong?
Are YOU washing your hair wrong?
China executes 3 knife terrorist attackers
China executes 3 knife terrorist attackers
45 Spaniards killed in Germanwings plane crash in France
45 Spaniards killed in Germanwings plane crash in France
Plane crash in France,148 dead
Plane crash in France,148 dead
109-Year-Old Woman Reveals Her Secrets of Long Life
109-Year-Old Woman Reveals Her Secrets of Long Life
3 Easy Peeling Oranges Tips
3 Easy Peeling Oranges Tips
Copyright © 2015 halist.com all rights reserved.