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How the ObamaCare Tax Penalty Works

      How the ObamaCare Tax Penalty Works
 
 
Your tax penalty for not having insurance is paid on your taxes at the end of the year. If your taxable income is below 133% of the FLP you are exempt from this tax.
2014 = $95 per person per year or 1% of your Income
2015 = $325 per person per year or 2% of your Income
2016 = $695 per person per year or 2.5% of your Income
2017= Tax Penalty will increase by the rate of inflation going forward, or 2.5% of your Income

3 Comments to How the ObamaCare Tax Penalty Works :

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